State Street Investment Management Announces New ETF, Furthering Convergence of Public and Private Credit Markets

Core Insights - State Street Investment Management has launched the State Street Short Duration IG Public & Private Credit ETF (PRSD) [1] - The fund is designed as an actively managed short-term core bond solution [1] - It primarily allocates to investment grade debt securities through public and private credit instruments [1] - The objective is to maximize risk-adjusted returns while providing current income for investors [1]