FYI: The No. 1 question Dave got asked in the month of October was, “How’d ETFs do?” What’s behind that question was a decade of hand-wringing by pundits claiming ETFs would cause, or exacerbate, the next big crisis.
Instead, what I think we’ve seen is ETFs acting as shock absorbers for the market—putting bids underneath falling securities. If nothing else, we’ve seen firsthand some great examples of precisely how creation and redemption work to keep ETF pricing in line in times of stress.
Regards,
Ted
https://www.etf.com/sections/blog/etfs-chaos-shock-absorbers?nopaging=1
