Saturday, 30 July 2016
Last updated 17 hours 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.