Support from the Loan Syndications & Trading Association (LSTA)
The Loan Syndications & Trading Association (LSTA), representing the U.S. corporate lending sector, has expressed support for a recent executive order aimed at broadening the participation of 401(k) and other defined contribution retirement plans in private market investments.
Enhancing Investment Outcomes
LSTA emphasizes that integrating private market options, such as private corporate credit assets, into 401(k) plans can enhance investment outcomes for most American workers relying on these plans for retirement security.
Benefits of Including Private Market Assets
Allowing well-managed, diversified 401(k) portfolios to include private market assets with proper safeguards is a significant step toward enabling participants to achieve asset allocation and diversification strategies traditionally used in pension plans. As the number of publicly traded companies declines, access to private investments becomes increasingly vital for Americans to diversify their holdings and capitalize on emerging investment opportunities.
Access for Private Sector Employees
Most private...