Need an active, fixed-income ETF? Vanguard just checked both boxes. The firm launched the High-Yield Active ETF (VGHY) today in its latest push into actively managed bond products. CEO Salim Ramji has prioritized the expansion and said last year that Vanguard was in a prime position to make its mark on a segment that he called antiquated and expensive. The new ETF is not a copy of Vanguard’s $25 billion High-Yield Corporate Fund, a mutual fund, but the ETF has broader coverage for credit quality, going as ...