Eaton Vance to enter ETF market

Eaton Vance is the latest mutual fund company to jump on the ETF bandwagon.

Founded in 1924, the Boston-based company has filed with the Securities and Exchange Commission in the U.S. signaling its intent to enter into the ETF marketplace.

Eaton Vance plans to launch five actively managed ETFs which will target the investment-grade U.S. debt market.

The submitted funds are the Eaton Vance Enhanced Short Maturity ETF, the Eaton Vance Government Limited Maturity ETF, the Eaton Vance Intermediate Municipal Bond ETF, the Eaton Vance Prime Limited Maturity ETF and the Eaton Vance Short Term Municipal Bond ETF.

The filing did not disclose the funds’ trading symbols or their annual management fees.