{"id":11405,"date":"2025-03-08T21:37:45","date_gmt":"2025-03-08T21:37:45","guid":{"rendered":"https:\/\/finderica.com\/?p=11405"},"modified":"2025-03-08T21:37:45","modified_gmt":"2025-03-08T21:37:45","slug":"expanding-access-to-private-credit","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=11405","title":{"rendered":"Expanding access to private credit"},"content":{"rendered":"
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They’re generally reserved for the ultrawealthy and financial institutions.<\/p>\n

But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.<\/p>\n

BondBloxx’s Joanna Gallegos thinks it’s a great idea despite the asset class’ reputation for charging high fees and academic research that have shown sluggish returns. Her firm launched the BondBloxx Private Credit CLO ETF (PCMM) about three months ago.<\/p>\n

“We don’t believe in the velvet rope. We believe in connecting markets,” the firm’s co-founder and\u00a0chief operating officer\u00a0told CNBC’s “ETF Edge” this week. “People have not had access to it.\u00a0It makes sense in a portfolio. People should have access to \u2026 a power tool like that in their portfolio.”<\/p>\n

The fund invests around 80% of its holdings in private credit collateralized loan obligations, according to the BondBloxx website. Since its Dec. 3 debut, Gallegos’ fund is up 1%.<\/p>\n

While the S&P 500