As reported earlier by IndexUniverse.com, new actively managed iShares exchange-traded funds are being planned by Barclays Global Investors.

The prospectus for the first of the proposed new iShares funds has been filed with the Securities and Exchange Commission. Dated May 15, the new ETF would be focused on foreign currencies. It would implement absolute return strategies by investing in long and short positions in foreign-currency forward contracts and exchange-traded futures contracts.

Barclays Global Fund Advisors will serve as the ETF's adviser and select the contracts to be used based on quantitative models and other proprietary methods created by BGFA.

The proposed currency ETF would trade on the NYSE Arca exchange with the ticker "ALT."

You can read about the original filing, as well as plans for more active ETFs, here.

The full prospects can be found here.