Simplify Asset Management and VettaFi have introduced a new exchange-traded fund (ETF) that enables retail investors to tap into the rapidly growing private credit market.
The Simplify VettaFi Private Credit Strategy ETF (PCR), an actively managed fund, was launched last week. The fund’s primary objective is to offer an efficient and liquid medium for indirect exposure to business development companies (BDCs) or closed-end funds that invest in these entities.
