‘Fell through the cracks’: Controversial private credit ETF faces new regulatory hurdles
Publishing timestamp: 2025-03-07 00:18:35
Summary
The debut of the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) has raised questions about SEC oversight, as the fund faces issues with its asset mix and name. State Street has promised to comply with SEC regulations and make changes to the fund, but questions remain about how these issues were not addressed earlier. Despite the controversy, the fund currently has $55 million in assets under management.
Sentiment: MIXED
Keywords: exchange-traded funds, personal investing, industry regulation, donald trump, investment strategy, trump administration, markets, sec, business news, securities regulation, spdr ssga apollo ig public and private credit etf, corporate bonds, municipal bonds, breaking news: markets, regulatory agencies, investors, debt and bond markets, apollo global management inc, stock markets, state street corp, corporate stock,
Source: https://www.cnbc.com/2025/03/06/sec-in-hot-seat-over-private-credit-etf-approval.html