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Vanguard is entering the space with a planned launch of its US High-Yield Corporate Bond Index ETF (VCHY), according to a recent SEC filing. Expected to debut in June, the fund will track Bloomberg’s US High Yield $250MM 2% Issuer Capped Index, marking a notable expansion of the firm’s fixed-income lineup. The move comes long after industry heavyweights like BlackRock and State Street Global Advisors launched their flagship high-yield ETFs in 2007.
Analysts expect VCHY to undercut peers on fees, consistent with Vanguard’s playbook. The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG) and SPDR Bloomberg High …
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