PRIV: The Private Credit ETF - I Don't Buy It
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The SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) faces potential liquidity issues due to its structure, which may not be suitable for illiquid assets. Historical examples like the Woodford fund scandal highlight the risks of liquidity mismatch in such funds.
March 04, 2025 | 1:30 pm
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The SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) is at risk of liquidity issues due to its structure, which may not handle illiquid assets well. This could lead to problems during redemption runs, similar to past fund scandals.
The article highlights the potential liquidity mismatch in PRIV due to its open-ended structure, which is unsuitable for illiquid assets. Historical examples like the Woodford fund scandal underscore the risks, suggesting a negative short-term impact on PRIV.
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