An ETF Ventures Into Private Equity

But the planned PowerShares Listed Private Equity Portfolio raises some red flags for individual investors

When there's buzz around an investment category, you can bet that it won't be long before there's an exchange-traded fund (ETF) created so that anyone can get in on the action. One that's ready to hit the block is the PowerShares Listed Private Equity Portfolio, which comes at a time when institutions are pouring money into private equity in hopes of reaping fat returns (see BusinessWeek.com, 10/8/06, "Private Equity Keeps Booming"). However, individual investors might want to pass on this ETF.

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