State Street Private-Debt ETF Scores No New Flows in Weeks
By and Carmen Arroyo
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Demand for State Street Corp. and Apollo Global Management Inc. 's hotly anticipated private credit exchange-traded fund has virtually dried up, at a time when asset managers have keyed in on reaching retail investors.
No new money has flowed into the SPDR SSGA IG Public & Private Credit ETF (ticker: PRIV) since March 4, according to data compiled by Bloomberg. The vehicle now has around $54.6 million in assets, including about $5 million clinched during its first two weeks of existence and initial funding.
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