Group 1 - Investors should prepare for weaker stock market performance in the next six months according to Vanguard's outlook [1] - Vanguard's global head of rates, Roger Hallam, anticipates a slowdown in growth during the second half of the year [1] - The labor market is expected to gradually cool while inflation rises, leading to potential interest rate cuts by the Federal Reserve [2] Group 2 - Hallam believes that prioritizing jobs will prompt the Federal Reserve to cut interest rates towards the end of the year [2] - This environment is expected to create a favorable condition for bonds, encouraging clients to allocate more to fixed income [2] - Vanguard is launching three U.S. government bond exchange-traded funds, including the Vanguard Government Securities Active ETF (VGVT) [2]

Roger Hallam, Vanguard global head of rates, sits down with CNBC’s Dominic Chu to discuss the firm’s new active ETFs launching this week, including its Vanguard Government Securities Active ETF. Hallam gets into the strategy behind the fund and why now is the time to go active. Jay Jacobs, BlackRock U.S. Head of Equity ETFs also joins the conversation. ...