Reported about 6 hours ago
State Street Corp. is seeking to rejuvenate its image by launching its first private credit ETF, a move to innovate and overcome its cautious reputation. The ETF, developed with Apollo Global Management, faced regulatory scrutiny over its rushed launch and transparency issues. However, CEO Yie-Hsin Hung remains optimistic about the fund's potential, despite initial low inflows and a history of slow growth relative to competitors.
Source: YAHOO