NOT FOR REPRINT
Race for Private-Credit ETFs to Face SEC Scrutiny
By
Lydia Beyoud
Analysis November 01, 2024 at 03:25 PM
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What You Need To Know
- The lack of details on how retail investors can easily withdraw money from funds loaded with illiquid assets concerns legal experts.
- One recent filing is proposed partnership between State Street and Apollo Global Management.
- It will have to comply with a rule that caps illiquid investments in a fund's net assets at 15%.
