An ETF Ventures Into Private Equity
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.