PowerShares Listed Private Eq. (ETF) (AMEX:PSP)

icedaddi (< 20) Submitted: 5/14/2011 6:39:03 PM : Start Price: $10.94 PSP Score: -23.34

Private companies our where its at!

alphadogg (62.62) Submitted: 3/28/2011 3:12:38 PM : Start Price: $4.27 PSP Score: +22.57

$25 - $30 range

rafcafgillette (79.38) Submitted: 1/8/2011 1:28:02 PM : Start Price: $10.09 PSP Score: -22.45

Great way to own a lot of different BBCs without the risk of anyone of them.

notzia (71.09) Submitted: 10/16/2010 10:51:45 PM : Start Price: $9.41 PSP Score: -24.28

As a diversification measure, I have been looking for a way to capture some of the venture capital action. In the process, I found PowerShares Listed Private Equity (PSP).

PSP seeks results that correspond to the Red Rocks Listed Private Equity index, which consists of stocks and ADRs of 34 publicly listed private-equity companies. The fund has returned 17% over the past year, but has not faired as well for other timeframes. The fund was pounded during the economic downturn, but has responded well recently.

As IPOs heat up, this ETF could easily benefit both in terms of price and dividends. When the economy was healthy, the price was nearly $30 and the dividend was about $1.25 (about 4.5% at the time).

jermskirk (78.94) Submitted: 12/3/2007 9:50:09 AM : Start Price: $18.38 PSP Score: -48.54

Strangely enough, the private equity play with publicly held companies is actually helped by governmental regulations: BDCs can't exceed a 1:1 leverage ratio, so most of these companies are financially healthy and able to take advantage of increased pricing for their services, with hedge funds and some distressed banks no longer able to compete.

I also think some of these names qualify as baby thrown out with the bathwater picks, with a decent yield on the ETF.