Goldman Sachs, Pimco, OppenheimerFunds and Nuveen Fund Advisors are pushing for equal rights when it comes to running index funds tied to the global bond market. The firms are asking the SEC for more flexibility in constructing ETFs that track indexes. Since bonds are more difficult to locate and trade than stocks, money managers are asking the SEC to relax constraints it imposed on index-based ETFs as they became the fastest-growing vehicle for investing in equities. Approval from the SEC would put the aforementioned firms on the same footing as the three ETF pioneers - BlackRock's iShares unit, Vanguard and State Street.

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