ICI paper details ETF ecosystem providing smooth market functioning and price discovery during March 2020 volatility
ICI paper details ETF ecosystem providing smooth market functioning and price discovery during March 2020 volatility
Despite unprecedented market volatility in March 2020, the structures for creating, redeeming, and trading shares of ETFs – including ETF issuers, authorised participants (APs), and ETF liquidity providers – proved their resilience, according to a new paper on the Covid-19 market crisis from the Investment Company Institute (ICI) entitled “Experiences of US Exchange-Traded Funds During the Covid-19 Crisis.”