State Street Investment Management widened its line of ETFs on Wednesday with the launch of the State Street Short Duration IG Public & Private Credit ETF (NYSE:PRSD), an actively managed vehicle aimed at merging risk-adjusted returns with timely income. The ETF has a 0.59% net expense ratio.
PRSD focuses mainly on short-term investment-grade debt, both public and private credit instruments. Included in a private credit within an ETF structure is unique, providing investors with exposure to a previously unattainable market segment.
