State Street launches Apollo private credit ETF By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2025
0mins
Source: Investing.com
Launch of New ETF: State Street Global Advisors has launched the SPDR SSGA Apollo IG Public & Private Credit ETF, providing retail investors access to a diversified portfolio of private credit assets, with a unique structure allowing up to 35% in illiquid assets due to a liquidity agreement with Apollo Global Management.
Liquidity Concerns: While the new ETF is expected to pave the way for similar products, concerns remain regarding liquidity during market selloffs, as private credit is inherently illiquid and the ETF's performance will be closely monitored by regulators.
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Analyst Views on STT
Wall Street analysts forecast STT stock price to fall
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 151.240
Low
128.00
Averages
142.27
High
168.00
Current: 151.240
Low
128.00
Averages
142.27
High
168.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Emerging Markets Potential: The MSCI Emerging Markets index is projected to return 7.5% annually, primarily driven by U.S. dollar devaluation and strong earnings growth, providing investors with opportunities through the iShares MSCI Emerging Markets ETF.
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- Fee Income Surge: The firm reported an 11% year-over-year increase in fee income, reaching $1.34 billion, primarily driven by heightened trading activity due to market volatility, which further solidified the company's revenue base.
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