Peter Mallouk, the billionaire CEO of wealth management firm Creative Planning, says AI isn't like any past technology cycle — it's far more transformational, and that calls for investors to take action in their portfolios. Mallouk told Business Insider that he's convinced AI is more impactful than other technological advancements by a long-shot, and the change it creates will likely be permanent. "I think it's more than the internet, where the internet made everybody more efficient, or Microsoft with all t ...

Core Insights - BondBloxx Investment Management's BondBloxx Private Credit CLO ETF (PCMM) was awarded "Newcomer Fixed Income ETF of the Year" at the 2026 With Intelligence Mutual Fund & ETF Awards, highlighting its innovative approach in the fixed income market [1][2] Group 1: Product and Market Position - PCMM offers investors access to private credit, specifically targeting loans of privately owned "middle market" companies, which are significant contributors to the U.S. economy [3] - The ETF's diversified holdings aim to mitigate risks associated with specific companies, sectors, and private credit managers, reflecting BondBloxx's commitment to enhancing access to previously hard-to-reach segments of the fixed income market [3] Group 2: Recognition and Awards - BondBloxx has received multiple industry accolades, including Best International Fixed Income ETF Issuer in the 2025 ETF Express Awards and Best Fixed Income Asset Manager at the 2025 WealthManagement.com Industry Awards [5] - The firm, along with its communications partner Craft & Capital, was also recognized with the "PR Campaign of the Year" award, underscoring its strategic communications efforts [4]

Core Insights - Private markets are transitioning from being exclusive to institutional and ultra-high-net-worth investors to becoming more accessible to retail investors, driven by the need for diversification and the appeal of potential excess returns [1] - The concentration of public markets, particularly in technology, has led investors to seek diverse opportunities in private markets, which offer an illiquidity premium for long-term capital commitment [1] Market Dynamics - The democratization of private markets is facilitated by the introduction of ETFs, which provide a familiar structure for investors, despite the unique mechanics and valuation methods associated with private assets [1] - The growth of private market ETFs has been significant, with various strategies emerging, including funds-of-funds structures, investments in publicly listed private managers, and specialized strategies [1] ETF Structures and Strategies - The Simplify VettaFi Private Credit Strategy ETF (PCR) utilizes a fund-of-funds approach, focusing on publicly traded BDCs and CEFs that hold over 50% of their portfolios in private credit, with a lower expense ratio of 76 basis points [1] - The VanEck Alternative Asset Manager ETF (GPZ) tracks alternative asset managers across various private markets, simplifying exposure to traditional equities of firms like Apollo Global Management and Blackstone [1] - The BondBloxx Private Credit CLO ETF (PCMM) invests in private credit CLOs, providing transparency and cost efficiency while being actively managed by Macquarie Asset Management [1] Future Outlook - The private credit market is still in its early stages, with investors gradually exploring allocations, indicating a potential for more strategic and long-term investments in private markets [1] - The SPDR SSGA IG Public & Private Credit ETF (PRIV) and the State Street Short Duration IG Public & Private Credit ETF (PRSD) are examples of ETFs that incorporate private credit while managing liquidity through specific arrangements [1]

Core Insights - The BondBloxx Private Credit CLO ETF (PCMM) has quickly established itself as a leader in the private credit ETF space, providing investors with targeted exposure to loans that support the growth of America's middle market companies, which are vital to the U.S. economy [1][3] - Since its launch, PCMM has amassed over $185 million in assets under management, offering a yield-to-maturity of 7.22% and a 6.49% SEC yield [1][9] - The global private credit market is estimated at approximately $30 trillion and is expected to continue growing, with PCMM demonstrating significantly lower volatility compared to traditional stock and bond indices [3][4] Company Overview - BondBloxx Investment Management Corporation is the first ETF issuer focused solely on fixed income, offering a diverse range of exposures including U.S. Treasuries, investment grade, high yield, and emerging markets bonds [6] - The firm has received multiple accolades, including being named Best Fixed Income Asset Manager at the WealthManagement.com "Wealthies" Awards, highlighting its innovative approach in the ETF industry [4][5][7] Product Features - PCMM is designed to invest exclusively in private credit, providing a highly diversified portfolio that reduces risks associated with concentration in a single manager, sector, or company, with exposure to over 7,000 middle market company loans [4] - The fund offers daily liquidity, transparency, and cost efficiency, reshaping investor perceptions of private credit allocations compared to traditional interval funds [3][4]

Core Insights - The SPDR SSGA IG Public & Private Credit ETF (PRIV) aims to democratize access to the $3 trillion private credit market, previously limited to institutional investors and high-net-worth individuals [1] - Despite a strong launch, PRIV has only attracted $45 million in year-to-date flows as of December 18, 2025, but has shown promising performance [2] - PRIV has outperformed the Bloomberg US Aggregate Bond Index by 98 basis points and its Morningstar Intermediate Core-Plus peers by 90 basis points since inception [3] Performance Metrics - PRIV ranks in the top decile (92nd percentile) of its peer group for total performance, indicating strong quality of returns [4] - The fund has a daily trading volume averaging nearly $3 million, surpassing 85% of all 900 ETFs launched in 2025, showcasing robust liquidity [4] - The Sharpe Ratio ranks in the 11th percentile, indicating better performance than 89% of peers, while the Information Ratio ranks in the 2nd percentile, outperforming 98% of peers, reflecting high active management efficacy [8] Structural Aspects - As of December 16, 20.64% of PRIV's portfolio consists of private credit instruments sourced by Apollo, aligning with its target of approximately 20% since inception [5] - Other private credit ETFs in the market include the Simplify VettaFi Private Credit Strategy ETF (PCR), the BondBloxx Private Credit CLO ETF (PCMM), and the VanEck Alternative Asset Manager ETF (GPZ) [5]

Core Insights - BondBloxx Investment Management has experienced significant growth and innovation in 2025, particularly in the fixed income ETF space, marking its first anniversary of the private credit ETF PCMM with industry recognition [1][3] Group 1: Growth and Assets Under Management - Total assets under management (AUM) for BondBloxx's ETFs have more than doubled in 2025, reaching $7.2 billion as of December 17, 2025 [2] - The firm has grown its AUM by over $3.5 billion in 2025, with specific components such as tax-aware ETFs gathering more than $250 million and credit ratings ETFs attracting over $500 million in net inflows [2][7] Group 2: Awards and Recognition - BondBloxx has received multiple awards in 2025, including the Best International Fixed Income ETF Issuer in the ETF Express Awards and recognition as a finalist for Asset Manager of the Year in the Money Management Institute/Barron's Industry Awards [3][7] Group 3: Product Offerings and Market Position - BondBloxx is the first ETF issuer focused solely on fixed income, offering a diverse range of products including U.S. Treasuries, investment-grade and high-yield corporate bonds, emerging market bonds, tax-aware strategies, and private credit [5] - The suite of U.S. Treasury ETFs has reached a three-year anniversary, collectively standing at over $4 billion in assets, while the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF has gathered more than $700 million in assets [7]

Core Insights - BondBloxx Investment Management has been recognized as the Best International Fixed Income ETF Issuer for its BondBloxx JP Morgan USD Emerging Markets 1–10 Year Bond ETF (XEMD) at the 2025 ETF Express Awards [1][2] - The firm manages over $6 billion in assets across 27 fixed income ETFs, showcasing its expertise in diversified bond strategies [2] - BondBloxx has received multiple awards recently, including Best Fixed Income Asset Manager at the 2025 WealthManagement.com Industry Awards for its BondBloxx Private Credit CLO ETF (PCMM) [3][4] Company Overview - BondBloxx is the first ETF issuer focused solely on fixed income, offering a variety of exposures including U.S. Treasuries, investment grade and high yield corporate bonds, emerging markets bonds, tax-aware strategies, and private credit [5] - The company aims to bring innovation and precision to the fixed income ETF market, helping investors access opportunities across bond markets [3] Awards and Recognition - The ETF Express Awards highlight innovation and excellence among ETF issuers and service providers globally [2] - BondBloxx was also a finalist for Asset Manager of the Year at the 2025 Money Management Institute/Barron's Industry Awards, emphasizing its leadership in the investment management industry [4]

Core Insights - BondBloxx Investment Management has been recognized as the Best International Fixed Income ETF Issuer ($100m–$1bn) at the 2025 ETF Express Awards for its BondBloxx JP Morgan USD Emerging Markets 1–10 Year Bond ETF (XEMD) [1] - The firm manages over $6 billion in assets across 27 fixed income ETFs, showcasing its expertise in diversified bond strategies [2] Group 1: Awards and Recognition - BondBloxx has received multiple accolades, including the Best Fixed Income Asset Manager at the 2025 WealthManagement.com Industry Awards for its BondBloxx Private Credit CLO ETF (PCMM) [3] - The firm was also a finalist for Asset Manager of the Year at the 2025 Money Management Institute/Barron's Industry Awards [4] Group 2: Company Overview - BondBloxx is the first ETF issuer focused solely on fixed income, offering a variety of exposures including U.S. Treasuries, investment grade and high yield corporate bonds, emerging markets bonds, and private credit [5]