Morningstar Analysis Reveals Overlap in Semiliquid Fund Holdings and High Cash Allocations
Morningstar's analysis highlights that semiliquid funds, such as private credit and interval funds, often overlap in their holdings and maintain high cash allocations, which can reduce returns. The report also notes that these funds have higher fees, making it harder for investors to achieve strong performance. The findings challenge the perception of these funds as unique or exclusive.
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Topics: cash allocations holdings overlap Morningstar analysis private credit semiliquid funds