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0 -3.8303903167698E-05 0.000114911709503312 -0.000114911709503094 -0.00134063661087052 0.000383039031677415 0.000651166353851518 0.00248975370590276
Stock impact report

State Street Private Credit ETF Stalls in Year of Industry Snags [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
(Bloomberg) -- State Street Corp. seemed to perfectly time the private-markets wave, debuting a private credit exchange-traded fund in February months ahead of an executive order that aimed to push more investors into alternative assets. It had a coveted ticker: PRIV. It had a blue-chip partner: Apollo Global Management Inc. And it had a straightforward goal: “ democratizing access ” to investment-grade private credit. In less than a year, though, the fund has  faced scrutiny  from the US Securities and Exchange Commission and struggled to attract money. What's more, the ETF is mostly not actually invested in private credit: The vehicle's documents acknowledge such debt will generally make up between 10% to 35% of the fund. Its top three  holdings  are an agency mortgage bond and two US Treasury notes. The challenges, even for the third-largest ETF issuer State Street, make it something of a cautionary tale for those seeking to push retail investors into private markets. At a m Show less Read more
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