Credit Spreads Are the Signal That Will Make or Break VGHY in 2026

AI summary

State Street’s own 2026 ETF outlook called active fixed income the “global product center of gravity”, which is a striking concession from the firm that built the largest passive high-yield ETF on the market. That backdrop frames the case for Vanguard High-Yield Active ETF (CBOE:VGHY), Vanguard’s first actively managed high-yield bond ETF. Launched in September ... Credit Spreads Are the Signal That Will Make or Break VGHY in 2026