BondBloxx Is Launching the First ETF Providing Direct Exposure to Private Credit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Businesswire
Launch of New ETF: BondBloxx is set to launch the first ETF providing direct exposure to private credit, specifically targeting middle market companies in the U.S., which play a significant role in economic growth.
Investment Opportunities: The BondBloxx Private Credit CLO ETF (PCMM) aims to enhance portfolio diversification and returns by allowing all investors access to private credit, previously limited to institutional investors.
Analyst Views on PCMM
Wall Street analysts forecast PCMM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCMM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 50.240
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Current: 50.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
