State Street Launches Prime Money Market ETF (MMK) for Cash Management

State Street Investment Management, a division of State Street Corporation, has officially launched the State Street Prime Money Market ETF (MMK). This actively managed ETF is designed to offer investors a low-cost solution for efficient cash management. Its core objectives are to maximize current income while diligently preserving capital and liquidity. Priced at 18 basis points, the fund strategically invests in a diversified portfolio of short-term, high-quality debt obligations. This new offering leverages State Street's extensive expertise in cash solutions, making institutional-level investment capabilities accessible to a broader range of investors. The MMK ETF provides a flexible and cost-effective option for those seeking robust cash management strategies.