SSGA and Apollo break new ground with launch of private credit ETF

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The story "SSGA and Apollo break new ground with launch of private credit ETF" was covered 15 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 15h ago

SSGA and Apollo break new ground with launch of private credit ETF - Financial Times

Quick Summary:

Morningstar analysts have also flagged concerns over Apollo’s compensation for the fund services, cautioning that the filing did not address the possibility of self-dealing.

In addition to debt securities, the fund also intends to hold private funds, interval funds and business development companies.

In that way, the Apollo-sourced assets will comply with the SEC’s definition of liquid investments: any holdings that the fund “reasonably expects” can be sold under current market conditions within seven calendar days “without significantly changing the market value of the investment.