State Street Investment Management, a division of State Street Corporation, has launched the State Street Prime Money Market ETF (MMK). This actively managed ETF aims to provide investors with a low-cost option for cash management, focusing on maximizing current income while preserving capital and liquidity. The ETF, priced at 18 bps, invests in a diverse portfolio of short-term, high-quality debt obligations, leveraging State Street’s extensive experience in cash management.
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State Street Corporation's State Street Investment Management Unveils New Actively Managed Prime Money Market Etf
State Street Investment Management, a division of State Street Corporation, has launched the State Street Prime Money Market ETF (MMK). This actively managed ETF aims to provide investors with a low-cost option for cash management, focusing on maximizing current income while preserving capital and liquidity. The ETF, priced at 18 bps, invests in a diverse portfolio of short-term, high-quality debt obligations, leveraging State Street’s extensive experience in cash management.