cover story in Barrons,
" A few months ago, you needed big bucks to tap the opaque world of private credit. Not anymore—thanks to the magic of exchange-traded funds.

Firms like Apollo Global Management have long dominated the private-credit space, traditionally requiring at least $250,000 or a high net worth to access its funds. But Apollo recently teamed up with State Street to launch the SPDR SSGA IG Public & Private Credit ETF. State Street, which is managing the fund, said it’s “democratizing access to private markets.” Since it’s an ETF, which trades like a stock, anyone with an account at, say, Robinhood or Fidelity can now buy a sliver of Apollo’s $600 billion private-credit portfolio.

Apollo is hardly the only firm using ETFs to drum up business. Wall Street has ETF fever."

https://www.barrons.com/articles/etfs-funds-invest...

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