An ETF Launch For Private Equity, Actually An ETN (PPE, PSP)
February 21, 2008 by Douglas A. McIntyreToday 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
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