Private Credit Is Reeling, but New Rule May Allow It into 401(k)s

I thought index funds were killing actively managed funds already. Why would anyone choose these over a low expense ratio index fund?

	▲	toomuchtodo 10 hours ago \| parent [-]
		Because they are unsophisticated and don’t know better. Private equity and credit are looking for bagholders, and the only potential buyers left are retail.