Pick BlackRock ETF over TRS, says trader
HYG is currently without shares to borrow, but one trader says that it makes sense for unit holders to lend out shares rather than go for a TRS trade
But the ETF also trades @ a premium & You have entry/exit B/O costs on the ETF + tracking error on the ETF. While the Prem. to NAV on TRS is less than the premium the etf is trading at.
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Comment by: Pasquale Capasso. Posted 7 years ago [2016-09-27 16:59:26]