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State Street, Apollo Debut Private-Debt ETF in Breakthrough
News February 27, 2025 at 01:39 PM
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What You Need To Know
- SPDR SSGA Apollo IG Public & Private Credit ETF debuted on the New York Stock Exchange under the ticker PRIV.
- The ETF appears to use an agreement with Apollo to get around the SEC's limits on "illiquid" assets.
- “This represents a seismic shift,” wrote Morningstar analyst Brian Moriarty.
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