UFCW Urges SEC to Address Concerns Raised by Apollo-related Private Credit ETF [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Exchange Commission (SEC) raising concerns about a new type of exchange-traded fund (ETF) that will invest in private credit instruments sourced by Apollo Global Management ("Apollo"). In September 2024, State Street Corporation ("State Street") filed a registration statement for SPDR SSGA Apollo IG Public & Private Credit ETF ("Apollo ETF") , that it expects to become effective this Friday, December 20, 2024. The Apollo ETF would expose public investors to Apollo-originated private credit investments, a type of debt investment that is generally considered illiquid and would be new to exchange-traded funds. UFCW raised the following main concerns in its letter to the SEC The proposed Apollo ETF could violate SEC's liquidity risk management rule that restricts the amount of illiquid assets ETFs can hold to 15% of fund assets. State Street and Apollo have a longstanding relationship that could pose potential conflicts of interest and as of yet has not been disclosed in the regis
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APO
Earnings
- 11/6/24 - Beat
APO
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- APO's page on the SEC website