Two actively managed municipal bond ETFs from Vanguard launched today with the company’s signature low fees. They join a growing list of active fixed income funds at the country’s second-largest asset manager.
Vanguard’s new municipal ETFs, which were announced in August, are the Vanguard Core Tax-Exempt Bond ETF (VCRM) and the Vanguard Short Duration Tax-Exempt Bond ETF (VSDM). VCRM and VSDM each have expense ratios of 0.12%. That’s below competing funds’ average expense ratios of 0.36% and 0.27%, respectively, according to Vanguard,…