High-Yield ETFs Will Suffer Severe Price Gapping During Massive Sell-Offs
Peter Troob · Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59) · Jul 2, 2018 · at 29:39
Peter Troob discusses structural liquidity mismatches in high-yield ETFs when retail and institutional unit redemptions surge without underlying buyers.
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“When you start having that problem, you'll just see gapping. It will eventually happen. It'll work itself through. The ETF will then get smarter and better the next time around, but you'll have to live through that,”
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