ETF Market Dislocation
A significant dislocation in the bond market led to extreme pricing discrepancies in ETFs during the COVID crisis. Rapid shifts in cash underliers created a lag in equity prices, resulting in wide premiums and discounts. With traditional liquidity providers lacking expertise in fixed income, some players stepped in to stabilize the market by buying ETFs at adjusted prices, highlighting the uncertainty surrounding the true value of underlying assets.In this clip
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Masters in Business
Mike Swell on Global Fixed Income Investors (Podcast)
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