Forum Investment Advisors is planning to launch actively managed exchange-traded funds (ETFs), Index Universe reports. The Portland, Maine-based money management firm has also filed with the Securities and Exchange Commission to market the funds.

The initial ETF will look for current income and capital appreciation by investing around 80% of net assets in bonds, notes or other debt obligations denominated in different currencies. The funds may also invest all of their assets in mortgage- or asset-backed securities and also engage in forward commitment transactions.

Click here for the story from Index Universe.