Manager perspectives

Vanguard expands lineup as ETF market grows

May 31, 2023

Can you walk us through your background? For instance, how did you come to the Vanguard Fixed Income Group, and what roles have you held during your career?
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) launched on March 9, 2023. How does this ETF align with the rest of the Vanguard muni lineup? What differentiates it?
Some investors have a perception that all index funds are the same. What is it that makes Vanguard municipal index funds unique?
Can you tell us a bit about the state of the municipal market? How are valuations, and are balance sheets healthy?
Why did Vanguard decide to launch a short-term tax-exempt ETF?
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Meet the expert

Stephen McFee
Vanguard Information and Insights

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