State Street Global Advisors Democratizes Access to Investment Grade Private Credit Markets with New ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
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Should l Buy STT?
Source: Newsfilter
Launch of New ETF: State Street Global Advisors has launched the SPDR® SSGA Apollo IG Public & Private Credit ETF (PRIV), providing investors with transparent access to investment-grade private credit and public credit markets, aiming for risk-adjusted returns and current income.
Market Demand and Accessibility: The demand for private market exposure is increasing, particularly among retail investors seeking lower-cost, tradable investment vehicles that offer daily liquidity, as highlighted by Apollo's significant origination figures in the private credit sector.
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Analyst Views on STT
Wall Street analysts forecast STT stock price to rise
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 126.310
Low
128.00
Averages
142.27
High
168.00
Current: 126.310
Low
128.00
Averages
142.27
High
168.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Parent Company Support: Federated benefits from credit enhancement provided by its parent, State Street Corporation, one of the world's largest financial service organizations, which offers additional capital and financial flexibility, ensuring its competitiveness in the market.
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- Performance Assessment: Although Federated's operating performance is deemed adequate, its limited business profile and appropriate enterprise risk management provide support for its ratings, demonstrating resilience in the insurance market.
- Parent Company Support: The credit ratings also reflect credit enhancement from its parent, State Street Corporation, one of the world's largest financial service organizations, which offers additional capital and financial flexibility to Federated.
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See More
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