Markets
The Bond ETF Became the Market's Liquidity Story
Corporate bond ETFs now supply much of the liquidity that dealer balance sheets used to. The mechanism works well and has been tested mainly in conditions that were not the hard case.
Etfs
Tagged stories
Markets
ETF Proliferation Reaches Its Editing Phase
Fund launches have been outpaced by closures for the first sustained stretch in the product's history. The survivors reveal what the proliferation was actually for.