Pimco, State Street Global Advisors, Russell Investments, AdvisorShares, Guggenheim Investments and WisdomTree may soon get the green light from the Securities and Exchange Commission to list active ETFs previously filed by the asset managers, according to the article.

“Approval of the rule change under Section 19b-4 of the Exchange Act of 1934 is usually the last regulatory step for an active ETF to launch,” Ignites reported. “But it is unclear whether the sponsors will bring the products to market immediately after receiving approval.”

A Pimco spokesman told Ignites the NYSE has filed a 19b-4 application for Total Return ETF, but added the launch date of the product hasn’t been finalized.

Pimco Total Return Fund holds over $240 billion in assets and is piloted by noted bond fund manager, Bill Gross.

Pure actively managed ETFs haven’t really made a big splash in the industry. One reason could be that a highly recognized portfolio manager hasn’t entered the space. That changes instantly, of course, with an ETF overseen by Gross. [Active ETFs Seen Taking Off in 2012]

Pimco filed to launch an ETF version of Total Return Fund in April. [Pimco Files for Total Return ETF]

In July, the Newport Beach, Calif.-based investment manager said the ETF would charge a management fee of 0.55% of assets. [Pimco Discloses Fees for Total Return ETF]

A Pimco spokesman didn’t immediately return a call seeking comment on Friday.

Pimco Total Return Fund