The Securities and Exchange Commission has taken action to authorize the industry’s first fixed income exchange-traded funds at an open meeting today. Until now, ETFs have been based only on equity indexes.

There will be a notice period of approximately 30 days, which should be followed by a final order issued by the SEC. Pending the completion of that process, the new ETFs are expected to be launched in late July.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.