Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Apollo Global Management and State Street's recently launched private credit exchange-traded fund (ETF) faced scrutiny from the U.S. Securities and Exchange Commission (SEC), which deemed the ETF's marketing as misleading regarding liquidity. The SEC's concerns prompted Apollo to consider rebranding the ETF. Despite this setback, investors can still access Apollo's established private credit fund under the ticker symbol $MFIC. In a broader context, State Street forecasts that cryptocurrency ETFs are poised to surpass North American precious metal ETFs in total assets by year-end, potentially becoming the third-largest category in the $15 trillion ETF market, trailing only equities and bonds.
TMX VettaFi Investment Strategist Cinthia Murphy discusses the SEC's concerns over State Street and Apollo's private credit ETF. She says disruption can be "clunky" but believes the issue will be resolved https://t.co/BHPIh2j0Bx https://t.co/jR4a0opDAC
A much-anticipated private credit exchange-traded fund from Wall Street giants State Street and Apollo Global Management said it will change its name after the US Securities and Exchange Commission shared concerns over the ETF. Emily Graffeo reports https://t.co/mA7Oj7NE7c https://t.co/ElTlfz3F3X
Crypto ETFs Set to Overtake Precious Metal ETFs, State Street Forecasts Surging demand for cryptocurrency exchange-traded funds (ETFs) is expected to push their combined assets above those of precious metal ETFs in North America by the end of the year, according to forecasts by… https://t.co/Byqebw0CH6