Reported 1 day ago
Jenny Johnson, CEO of Franklin Templeton Investments, argues that private credit assets should trade at a premium compared to traditional fixed-income assets due to their lower liquidity. Speaking at a Bloomberg conference, she expressed concern that some private credit assets are currently trading at similar spreads to corporate bonds, which does not account for their illiquidity. With private credit growing significantly to a $1.7 trillion industry, Johnson also discussed the role of blockchain technology in creating efficiencies within the financial services sector.
Source: YAHOO