Joe1234987

iShares ETF Tracking Error: Risks and Explanations

Why the heck are all the ETF trading at 5%+ discounts to asset value? I'm in BWX and called State Street and they couldn't really explain it. They said there are "market makers" that arbitrage for a living but offered no explanation. Can a "market maker" explain why the spreads are so high?! Is there counterparty risk involved?

Look at these spreads!
www.etfconnect.com/sel...