Guthrie Williamson

Perhaps more ETF's might adopt the potentially catastrophic idea of establishing a credit line to fund redemptions from a bond fund as one manager apparently has, as reported in this article: http://www.ft.com/intl/cms/s/0/7014e83a-137c-11e5-aa7f-00... I feel sorry for the investors who remain in the fund after others have used the credit line to redeem. They will seemingly become leveraged long assets that couldn't be sold to fund the initial redemptions.