The low cost leader in the mutual fund and index ETF space now appears to be taking aim at active ETFs.

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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