State Street Global Advisors gears up for new ETF disruption

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Financial Times 11h ago

State Street Global Advisors gears up for new ETF disruption - Financial Times

Quick Summary:

In Europe, for example, there are limits on the use of derivatives in the popular Ucits fund structure used by most ETFs, Andreetto said.

Under the SSGA/Apollo plan, Apollo would step in to provide “firm bids” for any of the private credit that the ETF would need to offload in the event of significant redemptions.“The liquidity will always be provided by Apollo,” said Andreetto.“I think the solution is credible and robust.

There is nothing that has been as disruptive as that,” said Andreetto, a 28-year industry veteran who also spent five years as head of SSGA’s SPDR ETF business in the Emea region.