Vanguard Launches Its First Active High-Yield ETF

Vanguard Group made its debut into an increasingly competitive corner of the $12.6 trillion US ETF arena. A new fund marks the firm's first foray into the junk-bond ETF universe. The Vanguard High-Yield Active ETF trades under the ticker VGHY and comes with a fee of 0.22% — cheaper than any existing...

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