01.08.2014 - How ETF Structure Comes Through In A Crisis
If you haven’t been attending ETF.com’s ETF University webinar series, you’re missing out. We’ve been walking through the ins and outs week after week of how ETFs really work, and Tuesday’s fixed-income session was fantastic. One of my favorite parts of work like that is the kind of feedback we get from attendees, and here’s a great question we were asked: “I recall hearing about difficulties in the muni fixed income ETF space last year and I believe it stemmed from AP [authorized participant] unwillingness to take delivery in kind and/or PM [portfolio manager] unwillingness to sell bonds at a fire-sale price...............................................Full Article: Source
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