Analyzing Implied Liquidity for a Specific ETF

Analyzing Implied Liquidity for a Specific ETF

Two weeks ago we wrote about how the liquidity of an ETF cannot simply be measured in the same way we evaluate a stock’s liquidity, even though they have similar trading characteristics. The interrelated factors driving an ETF’s liquidity are: 1) the flexible supply...
Understanding ETF Liquidity

Understanding ETF Liquidity

Since ETFs trade like stocks on an exchange, a common misconception is that the liquidity of an ETF can be assessed similarly to how a stock’s liquidity is evaluated. Using common stock liquidity gauges like average daily volume, shares outstanding, order book depth,...
What Fed Policy Means for the Markets

What Fed Policy Means for the Markets

Build CIO, Matt Dines, CFA, was a guest on the Gaining Perspective podcast, discussing his three takeaways from the Fed rate hike announced in March 2022. Episode summary: As expected, on March 16, the Fed signaled its intention to hike the Fed Funds rate by 25bps. My...