State Street, Apollo to Rename Private Credit ETF on SEC Concern
A much-anticipated private credit exchange-traded fund from Wall Street giants State Street Corp. and Apollo Global Management Inc. said it will change its name after the US Securities and Exchange Commission shared concerns over the ETF.
The letter came after the ETF officially launched on Feb. 27, debuting on the New York Stock Exchange under the ticker “PRIV.
The regulator's worries center on the fund's liquidity, its name and its ability to comply with valuation rules.
Distributor State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State ...
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