State Street stole a lead on rivals with new ETF, but SEC is concerned
But in a letter to State Street after the fund launched, SEC associate director Brent J. Fields expresses concern about the fund’s liquidity, name (“the use of Apollo in the fund’s name is misleading”), and its ability to comply with valuation rules.
State Street-Apollo private credit ETF raises SEC concern
The letter came after the ETF officially launched on Feb. 27, debuting on the New York Stock Exchange under the ticker “PRIV.” It’s a swift response to an ETF that brings together the very private world of direct lending and a more democratic market for trading.
There's a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund ...
State Street (NYSE:STT) rolled out an exchange-traded fund investing in investment-grade private credit, including ...
US News & World Report - Money on MSN7d
What ETF Has the Highest 10-Year Return?At the time of writing in mid-February, Grayscale Bitcoin Trust ETF (ticker: GBTC) is the ETF with the highest 10-year return ...
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