Concentration in the market of authorized participants of US fixed-income exchange-traded funds
Rohan Arora (),
Guillaume Ouellet Leblanc (),
Adriano Palumbo and
No 2020-27, Staff Analytical Notes from Bank of Canada
We show that a small number of authorized participants (APs) actively create and redeem shares of US-listed fixed-income exchange-traded funds (FI-ETFs). In 2019, three APs performed 82 percent of gross creations and redemptions of FI-ETF shares. In contrast, the group of active APs for equity ETFs was much more diverse.
Keywords: Coronavirus disease (COVID-19); Financial markets; Financial stability (search for similar items in EconPapers)
JEL-codes: G1 G2 G20 G23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.bankofcanada.ca/2020/11/staff-analytical-note-2020-27/ Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:20-27
Access Statistics for this paper
More papers in Staff Analytical Notes from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().