Fund Basics - An open-end fund is a mutual fund that can issue unlimited new shares [1] - Shares are priced daily based on their net asset value [1] - The fund sponsor directly sells shares to investors and buys them back [1]

Investment Products - Exchange-traded managed funds (ETMF), branded as NextShares, combined features of an ETF and an actively-managed mutual fund [1]

Fund Overview - A mutual fund is a portfolio of stocks, bonds, or other securities [1] - The fund is managed by a professional fund manager [1]

Vanguard manages both the world’s largest mutual fund and its biggest exchange-traded fund. In an interview, the firm’s boss lays out what is next https://t.co/JcnmsM4B6d ...