Vanguard Plans Low-Cost Junk Bond ETF As Demand For High-Yield Grows

Document,With,Title,Junk,Bond,On,A,Table.,Selective,Focus.

Vanguard Group is venturing into the high-yield bond ETF space.

A Tuesday filing with the U.S. Securities and Exchange Commission suggests Vanguard High-Yield Active ETF — the firm’s first actively managed fund in the space — will have the ticker VGHY. It will invest at least 80% of assets in high-yield, or so-called “junk,” bonds.