Summary
PSP Chart
PSP Swiss Property AG (PSPSY) Discusses Richtipark Disposal and Increase in EBITDA Guidance Transcript
PSP Swiss Property AG (PSPSY) Discusses Richtipark Disposal and Increase in EBITDA Guidance Transcript
3 Thoughts on Retail Advisors & Private Equity for 2H
Retail investing has long proved a tantalizing prospect for private equity players. Traditionally a space for limited partners with huge asset pools, like family offices, endowments, pension programs, high net worth individuals (HWNI) and more, private equity funds saw their doors open just slightly more to retail investors in May.
PSP: Stay Away From This ETF, Strong Sell
PSP is a strong sell due to persistent underperformance versus SPY and its high expense ratio, eroding any potential alpha. Private equity exposure can be achieved more efficiently by directly holding top players like Blackstone, KKR, and Ares, avoiding ETF fees. PSP's asset mix dilutes returns by combining best-in-class managers with weaker players, resulting in subpar performance.
Invesco Global Listed Private Equity ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 5,796 | $327,611 | $342,717.48 | $15,106.48 | 4.61% |
| CE Curtis Ellergodt Rothschild Investment LLC | 800 | $49,760 | $47,304 | -$2,456 | -4.94% |
| BS Barrett Schultz Ashton Thomas Securities LLC | 10,727 | $727,419.27 | $634,287.51 | -$93,131.76 | -12.8% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 28 | $1,543.76 | $1,653.54 | $109.78 | 7.11% |
 Kimberly Cappellano Private Wealth Asset Management LLC | 800 | $51,256 | $47,314.32 | -$3,941.68 | -7.69% |
Invesco Global Listed Private Equity ETF (PSP) FAQ
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Invesco Global Listed Private Equity ETF Profile
| ARCA Exchange | US Country |
Overview
This fund is notably designed for investors looking to gain exposure to the private equity sector through a diversified portfolio. By committing at least 90% of its total assets in securities that align with the underlying index, it offers a focused yet broad engagement with the sector. The inclusion of both American depositary receipts (ADRs) and global depositary receipts (GDRs) widens the scope of investment, accommodating various international opportunities. The underlying index itself is carefully curated, consisting of 40 to 75 constituents representing a mix of private equity companies, business development companies (BDCs), master limited partnerships (MLPs), alternative asset managers, and other related entities. All selected companies are required to be listed on a nationally recognized exchange, ensuring a level of transparency and regulation that is comforting for investors. This fund's strategy aims at capturing the growth potential of the private equity space while providing a liquid vehicle for investors to access these otherwise hard-to-reach segments of the market.
Products and Services
- Securities of Private Equity Companies
- American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)
- Business Development Companies (BDCs)
- Master Limited Partnerships (MLPs)
- Alternative Asset Managers
This includes investments in a range of securities issued by private equity firms. These firms are engaged in buying, restructuring, and selling companies, offering potential for high returns. The fund's strategy involves selecting robust firms within this sector, allowing investors to partake in the growth of these entities through a public market investment.
ADRs and GDRs allow the fund to invest in foreign companies with ease, providing a pathway to diversification outside the domestic market. These instruments represent shares in foreign companies and are traded on national exchanges, thus offering a blend of international exposure while benefiting from regulatory standards akin to domestic securities.
BDCs invest in small- and medium-sized companies, often providing financing solutions that are not readily available from traditional banking institutions. This component of the fund's portfolio aims to capture the growth potential inherent in emerging companies, benefiting from their success as they expand and evolve.
MLPs typically operate in the energy sector, including exploration, production, and transportation of natural resources. By including MLPs, the fund diversifies its investment portfolio and taps into the income potential from the sector's demand-driven revenues. MLPs are known for their high distribution yields, making them an attractive option for income-seeking investors.
The fund includes securities from alternative asset managers, entities that manage investments in non-traditional assets, including but not limited to real estate, hedge funds, and derivatives. This diversification allows investors to benefit from different market cycles and investment strategies, potentially reducing the overall risk.
