An ETF Launch For Private Equity, Actually An ETN (PPE, PSP)
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