State Street Short Duration IG Public & Private Credit ETF

PRSD

Market cap $74.2M

Private markets were historically for institutional and ultra-high-net-worth investors. Today, that exclusivity is breaking down, as many retail investors realize the value behind private markets and advisors look for additional diversification tools.

After years of researching equities, my research has started trending toward alternatives — including crypto, commodities, and private markets. It is not that equities have gone out of favor.

Private credit isn't necessarily new to retail investors. In fact, closed-end funds (CEFs) and business development companies (BDCs) have been giving everyday investors access to private loans and middle-market financing for years (see my previous note here).

On Wednesday, State Street Investment Management expanded its suite of exchange traded funds with the launch of the State Street Short Duration IG Public & Private Credit ETF (PRSD).  An actively managed fund, PRSD looks to offer a blend of risk-adjusted returns and current income.

BOSTON--(BUSINESS WIRE)--State Street Investment Management, the asset management business of State Street Corporation (NYSE: STT), announced today the launch of the State Street Short Duration IG Public & Private Credit ETF (PRSD). The fund is an actively managed short-term core bond solution, primarily allocating to investment grade debt securities through public and private credit instruments, seeking to maximize risk-adjusted returns alongside current income for investors. Short-term co.