Tous les livres

Professionnel

Applis À propos Coach Connexion Commencer la lecture

Quantitative Finance · Glossaire

Qu'est-ce que « ETF discount » ?

Definition 19.3 Strategies II: Volatility, Relative Value, Macro and the Bank Desks · Chapitre 19 — Systematic Credit and Bond-ETF Arbitrage

An ETF discount is the amount by which an ETF’s market price is below its published net asset value; for a bond ETF part of it is stale NAV, computed from bond prices that have not traded, and part is selling pressure on the shares that the creation-redemption mechanism has not absorbed.

Lire dans le chapitre →