Volatility Delays Vanguard's Muni Index Fund, ETF Plans
Plus, Hartford manager becomes Wellington's research director, Schwab settles YieldPlus charges, and more.
Vanguard has decided to indefinitely put off the launch of three new municipal-bond index funds and exchange-traded funds.
Vanguard filed with the Securities and Exchange Commission to withdraw its application to launch mutual fund and ETF shares for Vanguard Short-Term Municipal Bond Index, Vanguard Intermediate-Term Municipal Bond Index, and Vanguard Long-Term Municipal Bond Index. Vanguard had filed to launch these offerings, which were to track benchmarks in the S&P National AMT-Free Municipal Bond Index series, in June 2010.
Courtney Goethals Dobrow does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.