Retail investors can get private assets in a few ETFs, but there are limits on how much is in the portfolios and questions about valuations.
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Its two diversified bond ETFs can’t match the private-credit allocations of less-liquid vehicles, but they are beating 92% of peers.
Semiliquid funds topped $450 billion in assets, but a handful of private credit ETFs have been slow to win over investors.
The company is prepping a private credit mutual fund that adds a unique flavor — tokenization.