Product & Service Launches

Vanguard Launches Actively Managed Bond ETF
Vanguard has launched an actively managed exchange-traded fund, which will be managed by the company’s fixed-income group.

The fund, Vanguard Multi-Sector Income Bond ETF, has an estimated expense ratio of 0.3%, providing a 0.18% cost advantage compared with the asset-category average, according to Vanguard.

EBC Financial Group Launches More than 100 ETFs
EBC Financial Group has launched more than 100 U.S.-listed ETFs to its product suite in an offering for its global clients. The new ETFs include funds listed on the New York Stock Exchange and the Nasdaq stock index. The funds will be issued by Vanguard, BlackRock and State Street Global Advisors. The ETF offerings cover several markets and regions, such as the iShares MSCI Brazil ETF and the Vanguard Health Care ETF.

The firm wrote, in a statement, that the fund additions will “serve as both stand-alone trade ideas and complementary instruments alongside EBC’s existing product lineup, enabling advanced portfolio structuring and thematic trading.”

Voya Financial Introduces Parental Leave Planning Tool
Voya Financial is introducing a planning tool, “My Absence Voyage,” designed to help people who are expecting a child to plan their parental leave.

The service provides guidance on what paid and unpaid protections workers have, along with other benefits to consider when making decisions about their absence. The product will use Penguin Benefits, a software–as–service platforms technology, which features up-to-date information about federal and state benefits, as well as a personalized view of employer-specific offerings.

Rowe Price Adds 3 Active ETFs to its Lineup
Rowe Price has added three sector-based active ETFs to its product lineup: the T. Rowe Price Financials ETF, Health Care ETF and Natural Resources ETF. The additions bring the firm’s ETF lineup to 22 funds. The funds will trade on the Nasdaq and have an expense ratio of 0.44%.

The Financials ETF will invest 80% percent of its net assets in the stock of companies operating in the financial services sector, while the Health Care ETF and Natural Resources ETF will do the same for their respective sectors.