State Street Global Advisors and Apollo Global Management have made headlines with the launch of their private credit ETF, the SPDR SSGA Apollo IG Public & Private Credit ETF (NYSE:PRIV). This ETF, which began trading on Feb. 27, marks a significant development in the convergence of private credit and public markets.
PRIV is designed to offer investors risk-adjusted returns and steady income, with a net expense ratio of 70 basis points. The fund has been in the spotlight since State Street and Apollo announced their partnership in September last year, drawing interest from advisors eager to gain exposure to private credit via an …
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