By Denny Jacob
--The Securities and Exchange Commission expressed concerns over a private credit exchange-traded fund from State Street and Apollo Global Management and asked the firms for more information in a letter, Bloomberg reported.
--The SEC's worries centered on the fund's liquidity, its name and its ability to comply with valuation rules, according to the report.
--The letter came after the ETF launched on Thursday, said Bloomberg.
--State Street and Apollo declined to comment, according to the report.
Full story at https://www.bloomberg.com/news/articles/2025-02-28/sec-concerned-about-state-street-apollo-s-private-credit-etf
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 28, 2025 07:11 ET (12:11 GMT)
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