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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