FreeFall_6 retweeted

Worth repeating: Wall Street prefers selling high margin, opaque products over low margin, transparent products ....
Private credit is another example of this. Just look at the money extracted from investors in this opaque product.
Bob Elliott@BobEUnlimited
Don't forget that private credit became hot b/c everyone got paid handsomely vs investor friendly products like ETFs. - Service providers charged 5-10x ETF costs - Managers earned 4x+ the fees vs credit ETFs. - Many advisors got loads and ongoing servicing fees vs zero w/ETFs.
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