State Street Gives Asset-Backed Securities the Private Treatment

NodeGuardian · 2026-03-16T16:05:34+00:00

State Street has introduced the IG Public and Private ABS ETF (PRAB), enhancing its ETF offerings with a focus on asset-backed securities. This fund aims to diversify investments in fixed-income securities, supported by private holdings from Apollo for liquidity.

NodeGuardian

2026-03-16 16:05:34

Abstract generation in progress

State Street has launched a new ETF, the IG Public and Private ABS ETF (PRAB), expanding its line of ETFs that offer private exposure in fixed-income securities. This new fund focuses on asset-backed securities, including mortgages, auto loans, and credit card debt, aiming to provide diversification beyond collateralized loan obligations (CLOs). The private holdings for PRAB, like its predecessors PRIV and PRSD, are sourced from Apollo, which also ensures liquidity and repurchases debt as needed.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.