How Canadian ETFs Actually Work | #413 (Morley Conn)

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision making from two Canadians. We're hosted by me, Benjamin Felix, Chief Investment Officer, and Cameron Passmore, Chief Executive Officer at PWL Capital. Welcome to episode four thirteen and Ben, I gotta thank you'cause you brought me back to And I can remember the dinners. I think I've talked about this in episodes years ago. But when we First.

Discovered. ETFs back in the mid nineties. And to understand how they work because Understanding how a mutual fund works is very straightforward. Understanding how an ETF works and how much goes on behind the scenes

is so fascinating but so head scratching. So if you imagine thirty years ago or so where none of this made any sense when you're explained it. We're like creation, redemption, but how does this happen? I was in uh New York. just after nine eleven happened and happened to get a tour of the Amex, the American Stock Exchange floor. And we're watching traders on the floor doing these arbitrage trades.

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