11:41 AM EST, 02/27/2025 (MT Newswires) -- State Street (STT) said Thursday its asset management unit, State Street Global Advisors, has launched a new exchange-traded fund called the SPDR SSGA Apollo IG Public & Private Credit ETF.

The fund is looking to "maximize risk-adjusted returns" via investments mostly in "investment grade debt securities, including a combination of public and private credit such as asset-based finance and corporate lending," the company said.

The new fund may also invest in private credit instruments sourced by Apollo Global Management ( APO ) affiliate Apollo Global Securities.

STT shares were 1.3% higher in recent trading.

Price: 98.57, Change: +1.24, Percent Change: +1.27