
(Batsht Crazy Volatility*Higher costs) = Bond ETF discounts
My reasons for doubt that the major ETF issuers had nefarious intentions during the chaotic month of March 2020.
(Batsht Crazy Volatility*Higher costs) = Bond ETF discounts
Oooooo....So that's what happens when you create ETFs for an illiquid market like High Yield.