- Average daily volume (ADV) is important, but it’s only a part of an ETF’s overall liquidity profile because ETFs are open-ended securities.
- One benefit of the creation and redemption process is the ability to purchase share amounts greater than an ETF’s published ADV, making ETFs generally more liquid investment vehicles.
- ETF Capital Markets works directly with our Portfolio Strategy Management team to help maximize the liquidity of our ETFs’ basket composition.
How do we support the implied liquidity and trading efficiency of our ETFs for advisors? The video below pulls back the curtain. Scott Szever, senior vice president of ETF Capital Markets, and Donald Kernizan, senior ETF Capital Markets manager, joined Douglas Yones from the New York Stock Exchange to discuss how to help financial advisors understand the full liquidity profile of Capital Group’s ETFs.
Watch the video here, and for more information about Capital Group’s ETFs, contact your Capital Group representative.
Scott Szever is a senior manager in ETF Capital Markets at Capital Group, home of American Funds. He has 19 years of industry experience and has been with Capital Group for one year. Prior to joining Capital, Scott worked as a director of exchange-traded products at the New York Stock Exchange. Before that, he spent 14 years at Vanguard leading various teams across the organization including six years within their ETF Capital Markets. He holds a bachelor’s degree in economics and finance from York College of Pennsylvania. Scott is based in New York.
Donald Kernizan is a senior ETF Capital Markets manager at Capital Group, home of American Funds. He has 14 years of industry experience and joined Capital Group in 2021. Prior to joining Capital, Donald worked as a senior ETF capital markets specialist at DWS Asset Management. He holds a bachelor's degree in psychology from Bowdoin College. Donald is based in New York.