Vanguard registered actively managed fund

The Vanguard Group Inc. of Malvern, Pa., has registered to offer an actively managed exchange fund, according to the Wall Street Journal.
APR 30, 2007
The Vanguard Group Inc. of Malvern, Pa., has registered to offer an actively managed exchange fund, according to the Wall Street Journal. It’s the second such registration to come to light. Bear Stearns Cos. Inc. of New York has filed to offer an actively managed ETF called the Bear Stearns Current Yield Fund in March, a money-market-like fund, according to the report. Vanguard filed papers to offer its actively managed ETF in February. Like its other ETFs, Vanguard’s actively managed ETF would actually be a share class of an existing Vanguard fund, in this case the $9.9 billion Vanguard Inflation-Protected Securities Fund. The fund invests in inflation-indexed bonds backed by the U.S. government.

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