ETF Performance and Investor Interest: The SPDR SSGA IG Public & Private Credit ETF (PRIV) has faced challenges in attracting investors, raising only $45M since its February launch, despite outperforming its bond-market benchmark.
Regulatory Scrutiny and Liquidity Concerns: The U.S. Securities and Exchange Commission has raised concerns about the ETF's liquidity risk management, particularly regarding the valuation of its illiquid assets.
Management Fees Impacting Enthusiasm: The ETF's annual management fee of 0.7% is significantly higher than the average fee in its category, which may be dampening investor interest.
State Street's Response: A representative from State Street expressed confidence in the ETF's performance and noted increasing interest in private investments, while also highlighting the support from Apollo Global Management for liquidity.
Wall Street analysts forecast PRIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast PRIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.419
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Current: 25.419
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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.
