State Street Launches Low-Cost Active Money Market ETF for Cash Management

State Street Investment Management has introduced the State Street Prime Money Market ETF (MMK), an actively managed fund designed to offer investors a new solution for cash management. This ETF aims to provide current income while prioritizing liquidity and capital preservation. Boasting a competitive net expense ratio of just 18 basis points, MMK invests primarily in short-term money market instruments. The launch expands State Street's robust ETF lineup, catering to investors seeking efficient and low-cost options for managing their cash holdings. This move leverages State Street's expertise in credit analysis to deliver a valuable investment product in the current financial landscape.

Sources:ETF Trends