State Street Global Advisors, the asset management business of State Street Corp., has launched SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV). Managed by the State Street Global Advisors Active Fixed Income Team, PRIV allows all investors to gain transparent, tradeable access to an exchange-traded fund (ETF) seeking risk-adjusted returns and current income that invests in investment-grade private credit, including asset-based finance, along with investment-grade public credit.
“Historically, the ETF vehicle has been used to unlock market opportunities for all investors, no matter how big or small. Thanks to ETFs, all investors have transparent access to traditionally less-liquid segments of the markets,” said Anna Paglia, chief business officer at State Street Global Advisors. “We have worked with Apollo to provide a liquidity solution within PRIV and PRIV continues the mission of democratizing access to private markets.”
PRIV focuses primarily on
