New on the exchange traded fund (ETF) menu this week are a slew of new funds from Vanguard and a filing by another big industry name.
One of the latest financial service firms to join into the ETF business is The Harford, which filed paperwork with the Securities and Exchange Commission (SEC) to offer actively managed ETFs. The first one in the works will give exposure to both U.S. and non-U.S. investment-grade debt, reports Oliver Ludwig for Index Universe.
Hartford is joining a slew of other huge names looking to launch their own ETFs, including Legg Mason, Dreyfus, Janus and Alliance Bernstein.
Meanwhile, Vanguard launched seven new ETFs. Steve Dew for Index Universe reports that the addition of the Russell-based ETFs are an expansion into the heart of the ETF marketplace is designed to provide uniformity for investors building long-term allocations.
The new funds carry annual expense ratios ranging from 0.12-0.20%.
Tisha Guerrero contributed to this article.
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