The stunning appetite seen for BITO -- which accumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has futures commission merchants thinking twice.
Gensler first raised concerns about bond transparency in September, saying he’d asked the SEC staff to recommend ways to make the markets for corporate and municipal debt and mortgage backed-securities less opaque.
So-called alternative assets, which also include digital currencies, private debt and private equity, “should continue to outperform into 2022,” JPMorgan strategists wrote.
Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.