A recently launched ETF actively managed by State Street Global Advisors has been drawing attention for bringing private credit to the masses.

State Street Global Advisors' much-anticipated private credit exchange-traded fund, developed with alternative investment firm Apollo Global Management, began trading on the New York Stock Exchange on Thursday.

A much-anticipated private credit exchange-traded fund from Wall Street giants State Street and Apollo Global Management said it will change its name after the U.S. Securities and Exchange Commission shared concerns over the ETF.

A much-anticipated private credit exchange-traded fund from Wall Street giants State Street Corp. and Apollo Global Management Inc. said it will change its name after the US Securities and Exchange Commission shared concerns over the ETF.