NEW YORK ( TheStreet) -- After Chairman Ben Bernanke talked about tapering the Federal Reserve's stimulus program, stocks and bonds cratered on June 20. With investors racing to sell, many ETFs traded at discounts to the value of the assets in their portfolios.Emerging markets funds took particularly hard hits, with some selling at discounts of more than 6%. Some municipal funds posted discounts of more than 2%. Since then, prices have recovered, but many ETFs still trade at discounts. Funds that trade at discounts of more than 1% include iShares MSCI Emerging Markets (EEME) and SPDR Nuveen S&P High Yield Municipal (HYMB).
Discounted ETFs Are Not Necessarily Bargains
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