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one attraction of PCX, Pengana's soon to be listed investment trust, is that it provides exposure to 16 global private credit funds that diversify investors away from, in Christopher Joye's words, "local private credit players’ perverse fixation with funding very risky residential development and commercial property projects. These two sectors being " ground zero for what is becoming the worst default cycle since the GFC."

[QUOTE="Dona Ferentes, post: 1281607, member: 66457"] one attraction of PCX, Pengana's soon to be listed investment trust, is that it provides exposure to 16 global private credit funds that diversify investors away from, in Christopher Joye's words, "[I][COLOR=rgb(184, 49, 47)]local private credit players’ perverse fixation with funding very risky residential development and commercial property projects. [/COLOR][/I][COLOR=rgb(0, 0, 0)]These two sectors being "[/COLOR][I][COLOR=rgb(184, 49, 47)] ground zero for what is becoming the worst default cycle since the GFC."[/COLOR][/I] [/QUOTE]

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