Hartford Investment Financial Services LLC. is seeking a regulatory exemption that would permit it to launch actively managed exchange-traded funds.
Index Universereports Hartford is seeking an exemption from regulators that would permit it to launch actively managed fixed-income ETFs that would track foreign indexes, according to a filing it made with the Securities and Exchange Commission. The funds would be available to both institutional and retail investors.
There ETFs may be equity and/or fixed income funds and may be based on domestic and foreign indexes, according to the document.
In 2008, Invesco PowerSharesdeveloped and released the industry’s first three actively managed equity ETFs and PowerShares’ first actively managed fixed-income ETF would be released.