(Bloomberg) -- Vanguard Group Inc., the third- largest U.S. provider of exchange-traded funds, has asked regulators for permission to open actively-managed ETFs.
Approval would allow Vanguard to offer ETF share classes for its existing actively-managed mutual funds, including the $82 billion Wellington Fund, according to an application filed today with the U.S. Securities and Exchange Commission. The firm has no immediate plans to offer active ETFs should it receive approval, according to Joel Dickson, a senior ETF strategist at Vanguard.
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