Vanguard Adds Filing for Actively Managed ETF
June 27th at 9:30am by Tom Lydon
Exchange traded fund (ETF) heavyweight, Vanguard Group, put in its second regulatory filing for an actively managed ETF. In February, Vanguard filed for an active ETF as a share class of its Vanguard Inflation-Protection Securities Fund. The latest filing in April included three actively managed Treasury-bond ETFs. These funds are share classes of mutual funds, the Vanguard Short-Term Treasury Fund, Vanguard Intermediate-Term Treasury Fund and Vanguard Long-Term Treasury Fund. Diya Gullapalli for The Wall Street Journal reports both filings are still in the early rounds of the regulatory-approval process. Active ETFs are still part of an uncharted territory that market providers are trying to claim. Several other ETF providers filed with SEC during recent months. One of the largest obstacles for active ETFs is maintaining transparency, or disclosure, which is one of ETFs’ greatest characteristics.
