Investing
An ETF Launch For Private Equity, Actually An ETN (PPE, PSP)
Published:
Today was the launch of the Lehman Brothers’ first exchange traded note with the initial listing of the "Opta S&P Private Equity ETN" on NYSE Arca. This ETN will trade under the ticker "PPE" on NYSE, or go by (NYSE: PPE).
The Opta S&P Private Equity ETN is set up to mimic and track the performance of 30 leading private equity companies that are included in the S&P Listed Private Equity Index Net Return Index.
Here was a list of the constituent stocks on last look straight from the S&P website.
There is a competing ETF called the PowerShares Listed Private Equity (AMEX:PSP), and you can at least see the performance for a comparison.
Jon C. Ogg
February 21, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
