This article is an embarrassment to the profession on a technical front. Comparing ETFs to CDOs is the financial services professional equivalent of saying the world is flat. Talk your own book all means but you are “Trumpian” in your claims. Can someone please disseminate this to a broader audience so purely inaccurate and misleading comments by alleged professionals are held to account? Shame on you CFA Institute! If you continue to publish garbage like this I suspect a large number of us will stop wanting to pay our dues. Improve your editing standards now!