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

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Financial Times 2w ago

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

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.