Saturday, 20 December 2014
Last updated 1 day ago
Feb 28 2013 | 10:55am ET
Exchange-traded fund shop ProShares has launched a private-equity vehicle.
The firm's Global Listed Private Equity ETF debuted today on the BATS Exchange. The new fund, which trades under the ticker symbol PEX, will track the LPX Listed Direct Private Equity Index, which includes 30 p.e. firms.
PEX charges a 2.54% expense ratio.
The ProShares fund is the second p.e. ETF on the market, following Invesco PowerShares' introduction of its Global Listed Private Equity Portfolio last year. That ETF rose more than 30% in 2012.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.