State Street’s Private-Credit ETFs Outperformed in 2025. Is That Enough to Interest Investors?
This was the year that State Street made private public. In the roughly nine months that the SPDR SSGA IG Public & Private Credit ETF (PRIV) has been trading, it has beaten its benchmark without attracting the level of flows that would make it a runaway success. At about $96 million in assets under management, it’s at a size that the industry considers sustainable. The company’s second such product, the State Street Short Duration IG Public & Private Credit ETF (PRSD), debuted in September and has since r ...