ETF IQ

Does Private Credit Work in ETFs? `Absolutely Not,′ Says DoubleLine

DoubleLine’s Sherman says private assets don’t belong in open-ended ETFs

A trader works at his desk on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 2, 2026, in New York City.
Photographer: Charly Triballeau/AFP/Getty Images

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By Katie Greifeld

March 20, 2026 at 7:50 PM UTC

This article is for subscribers only.

Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.

Earlier this week, a good chunk of the ETF industry gathered in Las Vegas for this year’s Exchange conference — a fitting location, given that gambling-esque ETFs seem to be all the rage right now.