A request by the McGraw-Hill Companies of New York for a public hearing on the Vanguard Group's efforts to add an exchange-traded share class will most likely be denied, allowing Vanguard to launch the new shares, according to industry analysts.

The hearing request, filed with the Securities and Exchange Commission Oct. 30 by McGraw-Hill, the parent company of Standard & Poor's of New York, seeks an examination of a request from Vanguard for an SEC order that would grant exemptions to the 1940 Investment Company Act needed to launch the new share class. That order was expected from the SEC early last week, but had not been issued by mid-week.

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