Vanguard Signals Fee War Intensifies With Active Bond ETF Plan
- Ultra-short offering will charge 0.10% versus 0.22% average
- Fund giant hasn’t launched an active ETF in roughly 3 years
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Asset managers hoping 2021 might bring some respite to the fee war are in for disappointment, if Vanguard Group’s latest exchange-traded fund is anything to go by.
The $7.1 trillion investment giant this week filed plans for the Vanguard Ultra-Short Bond ETF, which will track high-quality fixed-income securities and is expected to begin trading next quarter.