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Well the OP says the retail rate went from 5.5% to 6% as a consequence. Not very significant either, right? Surprise comes from data that violates your expecta
by bjornsing 4y ago
Well the OP says the retail rate went from 5.5% to 6% as a consequence. Not very significant either, right?
Surprise comes from data that violates your expectations. I guess it’s mostly a matter of expectations here.
Also, ETF buyers are probably less knowledgeable / professional / sophisticated than buyers of the underlying asset.
- ProjectArcturis 4y agoThe ETF has a redemption mechanism that keeps its trading price aligned with the underlying net asset value. Thus, the sophistication of the ETF buyers is irrelevant.
- bjornsing 4y agoGood point.