ETF Issuers Quietly Prepare For “Market Meltdown” With Billions In Emergency Liquidity
by Tyler Durden
ZeroHedge.com
05/13/2015
Looking for signs that the country’s largest asset management firms believe a market meltdown may be on the horizon? Look no further than Vanguard and several other large ETF providers who have set up billions in credit lines with banks to guard against the possibility that a wave of redemptions could wreak havoc on illiquid credit markets.
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