New Products

What's New In Investments, Funds? – Vanguard

Editorial Staff March 16, 2023


The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Vanguard has launched the Vanguard Short-Term Tax-Exempt Bond ETF. The municipal bond index exchange-traded fund is run by the firm’s fixed income group. 

The ETF is pitched at tax-sensitive investors with a short-term time horizon and low interest rate risk tolerance, the US firm said in a statement. 

The entity mostly invests in short-term investment grade municipal bonds and will track the S&P® 0-7 Year National AMT-Free Municipal Bond Index. The ETF has an expense ratio of 0.07 per cent.

Steve McFee, who has been at Vanguard for 18 years, is the portfolio manager of this ETF.

“Vanguard Short-Term Tax-Exempt Bond ETF is built to optimize tax efficiency for investors seeking to allocate to the shorter end of the municipal bond market,” Sara Devereux, global head of Vanguard Fixed Income said.  

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes