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Products February 27, 2008
SSgA Seeks SEC OK to Launch Active Target-Date ETFs
February 27, 2008 (PLANSPONSOR.com) - State Street
Global Advisors (SSgA) announced it is seeking permission
from the Securities and Exchange Commission (SEC) to launch a
series of actively managed, target-date exchange traded funds
(ETF).
Reported by Fred Schneyer
Investing in a diversified sampling of equity and fixed-income ETFs, the proposed new SPDR Exchange Traded Funds will seek to deliver risk-adjusted returns through a multi asset class investment strategy, State Street said in a news release.
“Our application for these actively managed ETFs was filed to meet increasing demand among our clients,” said James Ross, senior managing director of State Street Global Advisors, in the announcement.