Financial advisors may have a lower-cost option when considering actively managed ETFs for their clients but some advisors express doubts on the real value for clients.
Mutual fund giant Vanguard is seeking SEC permission to issue actively managed ETFs. In a March 7 filing with the agency, Vanguard said it was seeking permission to issue active ETFs on existing funds a list that could include the Vanguard Explorer Fund and Vanguard Wellington Fund, as well as bond index and municipal bond funds.
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