Sentences with phrase «redeem their shares primarily»

NextShares and ETFs commonly issue and redeem their shares primarily on an in - kind basis, but may transact wholly or partly in cash when in - kind delivery is not practicable or deemed not in the best interests of shareholders.

Not exact matches

Mauro: Creations and redemptions are done primarily using an «in - kind» process where authorized participants (APs, or bond broker - dealers) deliver bonds in order to create shares or redeem bonds out of the ETF to redeem shares.