Net Asset Value is 14 - Shares trade at 11??? Robbery?
Why do people trade these things? Seems that there is a huge spread between what the ETF sponsors are holding and what they are selling you. Today shares trade for 11 and the NAV is 14? Are you kidding me. Most have no clue what they are doing with these ETFs. Why do you think all institutions are falling over themselves to offer ETFs? Becasue it is so profitable. 30%+ I they have most believing they have a low cost option. PRICE IS WHAT YOU PAY - VALUE IS WHAT YOU GET!