State Street (STT) said Thursday its asset management unit, State Street Global Advisors, has launched a new exchange-traded fund called the SPDR SSGA Apollo IG Public & Private Credit ETF.
The fund is looking to "maximize risk-adjusted returns" via investments mostly in "investment grade debt securities, including a combination of public and private credit such as asset-based finance and corporate lending," the company said.
The new fund may also invest in private credit instruments sourced by Apollo Global Management (APO) affiliate Apollo Global Securities.
STT shares were 1.3% higher in recent trading.
Price: 98.57, Change: +1.24, Percent Change: +1.27
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。