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

BOSTON--(BUSINESS WIRE)--State Street Investment Management, the asset management business of State Street Corporation (NYSE: STT), announced today the launch of the State Street Short Duration IG Public & Private Credit ETF (PRSD). The fund is an actively managed short-term core bond solution, primarily allocating to investment grade debt securities through public and private credit instruments, seeking to maximize risk-adjusted returns alongside current income for investors. Short-term co. ...