The circle of mutual fund advisory firms considering adding ETFs to their lineups continues to widen. Most recently Alliance Bernstein filed for exemptive relief with the SEC [SEC filing]. The filing is the first step in launching an ETF, but does not guarantee the firm will complete the six to 12 month long process.

The filing covers both actively managed equity and fixed income ETFs, reports Index Universe, which first reported the move.

Alliance Bernstein joins Goldman Sachs, Legg Mason and J.P. Morgan as a new player filing for active ETFs, reports the Website. 

Edited by: Sean Hanna, Editor in Chief


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