Private Credit ETF From State Street, Apollo Raises SEC Concern
The US Securities and Exchange Commission expressed concerns over a much-anticipated private credit exchange-traded fund from Wall Street giants State Street Corp. and Apollo Global Management Inc., asking the firms for more information in a letter Thursday.
Private credit was supposed to derive its superior returns by ... where liquidity comes at a cost — be it fees, or lower returns. The State Street/Apollo ETF presents the impression that ...
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced today the ...
The regulator's worries center on the fund's liquidity, its name and its ability to comply with valuation rules.
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