The Securities and Exchange Commission's comment period on actively managed exchange-traded funds ended last week, but the new type of ETFs that will likely soon be approved by the Commission are those based on fixed-income indices.

The SEC has worked out most of the nuances involved with fixed-income ETFs and they are likely to be approved soon, said Paul Roye, director of the SEC's division of investment management, speaking before executives attending an American Stock Exchange conference in New York.

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