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Morgan Stanley wants to add an ETF share class to its existing mutual funds, joining a growing list of firms looking to recreate Vanguard's blueprint.

(Bloomberg) -- Vanguard Group, famous for its old-school investment ethos and reluctance to chase newfangled technologies like crypto, has been quietly using machine learning across several active stock funds with a combined $13 billion under management.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareXi to Discuss China Stocks With Regulators as Rescue Bets BuildWhy NYC Apartment Buildings Are on Sale Now for 50% OffWall Street Snubs China for India in a Historic

Vanguard Group added artificial intelligence to four so-called factor-based funds about a year ago just as the ChatGPT frenzy seized global markets.

Dimensional Fund Advisors wants to create ETFs as a share class of its mutual funds.

The expiration could be a minor footnote in history, or a pivotal moment for fund managers looking for a fresh edge in a cutthroat market.

Competitors are angling to create exchange-traded funds as a share class of their U.S. mutual funds — A Vanguard hallmark.

Mutual fund issuer PGIA has filed to replicate Vanguard's model on its ETFs.

The one-of-a-kind fund structure that helped turn Vanguard Group into the second-largest ETF manager in the world may be about to get a lot less unique.

VFLQ, which seeks to take advantage of the premium associated with less-liquid stocks, has lost about 23% this year.