The private sector took off after traditional banks pulled back from some risky lending following the 2008 financial crisis.
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The vehicles have seen $427 billion in inflows, outpacing the roughly $301 billion from last year, per Morningstar.
The two are among a laundry list of firms trying to open up private credit to Main Street investors.
Basic Capital wants to shake up retirement savings by financing multiples of workers’ contributions to increase the power of compounding.
Millennials and advisors are leaning into nontraditional investments that help diversify their portfolios.
The announcement follows similar plans by prominent asset managers like State Street, Apollo, KKR and Capital Group.
The new products will help RIA firms tailor investments to the needs of their advisors and end clients.
The launch of PRIV was called a watershed moment in February, but has garnered little interest from investors since.
Not required to be disclosed, index licensing fees create a thin layer of fog over the transparent investment products.
As stocks pull back on macroeconomic fears, the bond market presents pockets of opportunity.
The world’s second-largest asset manager has been known for taking a low-cost approach to investing over its 50-year history.
The announcement follows the introduction of a public and private ETF from State Street and Apollo last month.
With equity markets rattled by the latest US tariff policies, investors are flocking to the precious metal for safety.
ETF behemoths like Vanguard’s VOO or State Street’s SPY ain’t going anywhere, but newer products are more likely under threat of closure.
New issuers are gaining market share among RIAs, who are looking for niche funds to diversify their holdings.
The agency asked pointed questions about the new exchange-traded fund just hours after its launch last week.