ProShares, a provider of alternative exchange-traded funds, has launched the ProShares Global Listed Private Equity ETF (PEX).
PEX is the first globally diversified ETF focused on companies that invest primarily in private enterprises.
“Private equity has long been a staple of institutional and high-net-worth individuals’ portfolios; for other investors, it’s been difficult to access,” says Michael L Sapir (pictured), chairman and chief executive of ProShare Advisors, ProShares’ investment advisor. “PEX offers access to global private equity with the liquidity, transparency and cost effectiveness of an ETF.”
