White House opens 401(k) alternative investment channel, sparking controversy over high fees and low liquidity.
According to the Wise Finance APP, a recent executive order signed by the White House requires regulators to expand alternative investment channels in 401(k) retirement plans, allowing assets such as cryptocurrencies and private equity to be included in the investment scope. This policy change has sparked heated discussions in the industry, with supporters believing that this move can provide ordinary investors with opportunities to earn higher returns. However, critics point out that such assets, which have not undergone sufficient stress testing, may bring new risks.
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