State Street’s Private Credit ETF Inflow Drought Finally Ends
Takeaways by Bloomberg AI
After months of standstill, State Street Corp. is finally seeing some interest among investors in the firm’s first-of-its-kind private credit ETF.
The SPDR SSGA IG Public & Private Credit ETF (ticker PRIV) absorbed more than $16 million on Tuesday, according to Bloomberg data. While that’s a small fraction of the roughly $7 billion that flowed into US-listed ETFs overall, it marks the third-ever daily net-inflow for the fund, and its first since early March.