State Street says it is ‘shopping’ for a private credit manager

Quick Summary:

Although SSGA invented the first exchange traded fund with an S&P 500 tracker in 1993, it has largely missed out on recent enthusiasm for actively managed ETFs.

Many more were in the development process, as SSGA sought to expand beyond the equity index tracking funds that had been its base, Hung said.

It has also teamed up with Galaxy Asset Management to offer three actively managed digital asset and disruptive technology ETFs.

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Article Details

Author / Journalist: Brooke Masters

Category: MarketsFinanceInvesting

Markets: United States

Topics: Ssga Stake State Financial Management Chief Asset Hung Manager Private Executive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:00:58 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23428520

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