State Street, Apollo team up to launch first of its kind private credit ETF
1. New SPDR SSGA Apollo IG ETF launches to trade on NYSE. 2. ETF invests 80% in investment-grade public and private credit. 3. Private credit's illiquidity poses challenges for ETF liquidity. 4. Apollo will provide credit assets to enhance liquidity. 5. Controversial ETF may experience liquidity monitoring concerns.