Some years ago I had some discourse with a prominent individual regarding the ABN AMRO decision to end unallocated PM holdings – conversion to cash automatic to account. They played the issue down wrongly and saw that in the end.

Today’s announcement below has got me thinking. Say you are an etf that buys gold stocks, you decide to disband (and rebrand) is this not an opportunity to ‘offload’ shares at the prevailing book price WITHOUT entering the market, benefiting a buyer! The new rebrand then purchases ‘on’ market paying market price as funds come in. You get cashed out, with an opportunity to buy back in adding demand in the market.

 

I am NOT saying that is what is happening here with VanE.

??

I am just wondering is this a danger of counter-party risk in an etf/managed investment? No bull for you.

Have you heard of such a thing before?

 

Note: I received two books recommended to me here at GT, today – Schwager, and Edwards/Magee.

 

NOTICE OF TERMINATION OF CDI PROGRAMS
On 30 August 2019 the Trust and VanEck announced via ASX that the Trust has applied to ASX to have the
US Fund Shares removed from trading on ASX effective Friday, 11 October 2019.

GDX VanEck Vectors® Gold Miners ETF

 

 

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02140946