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PEX - AI Analysis
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ProShares Global Listed Private Equity ETF (PEX)
Rating:56Neutral
Price Target:
$27.00
Positive Factors
Global Exposure
The ETF invests in companies across multiple countries, providing geographic diversification.
Strong Performance from Key Holding
3i Group plc, one of the top holdings, has delivered strong year-to-date gains, supporting the fund's overall performance.
Focused Sector Allocation
The ETF's heavy allocation to the financial sector aligns with its private equity theme, offering targeted exposure to a specialized market.
Negative Factors
High Expense Ratio
The ETF charges a significantly higher expense ratio compared to most funds, which can eat into investor returns over time.
Weak Overall Performance
The fund has experienced negative returns across multiple timeframes, indicating recent struggles in its holdings or strategy.
Over-Concentration in Financials
With over 73% of assets in the financial sector, the ETF is highly exposed to risks specific to this industry.
PEX vs. SPDR S&P 500 ETF (SPY)
AUM13.93M
RegionGlobal
Expense Ratio2.99%
Beta0.69
IssuerProShares
Inception DateFeb 26, 2013
Dividend Yield11.85%
Asset ClassEquity
Index TrackedLPX Direct Listed Private Equity Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,667
30 Day Avg. Volume4,695
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
29.29Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
PEX Summary
The ProShares Global Listed Private Equity ETF (PEX) is an investment fund that focuses on companies involved in private equity, such as asset managers and custody banks. It follows the LPX Direct Listed Private Equity Index and includes well-known companies like Ares Capital and 3i Group plc. This ETF provides a way to invest in the growing private equity sector while benefiting from the liquidity of publicly traded stocks. Investors might consider PEX for diversification and exposure to financial companies with high growth potential. However, it is important to note that this ETF is heavily tied to the financial sector, meaning its performance can fluctuate with changes in the economy or financial markets.
How much will it cost me?The ProShares Global Listed Private Equity ETF (PEX) has an expense ratio of 2.99%, which means you’ll pay $29.90 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a specialized niche within the financial sector, requiring more research and management expertise.
What would affect this ETF?The ProShares Global Listed Private Equity ETF (PEX) could benefit from increased global interest in private equity investments, driven by economic growth and innovation in asset management. However, it may face challenges from rising interest rates, which can increase borrowing costs for private equity firms, and regulatory changes in the financial sector that could impact its top holdings. Its global exposure and focus on financials provide diversification but also make it sensitive to economic conditions worldwide.
PEX Top 10 Holdings
The ProShares Global Listed Private Equity ETF (PEX) leans heavily into the financial sector, with asset managers like Ares Capital and 3i Group driving much of its performance. While 3i Group is rising on strong financial health and strategic growth, Ares Capital has been lagging due to inconsistent revenue trends. Main Street Capital and ONEX Corporation show mixed signals, with growth potential tempered by cash flow concerns. The fund’s global exposure adds diversity, but its concentration in financials means its fortunes are closely tied to the ups and downs of private equity players.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Ares Capital | 10.03% | $1.41M | $14.16B | -6.23% | 75 Outperform | |
| 3i Group plc | 9.95% | $1.40M | £43.72B | 34.55% | 85 Outperform | |
| Main Street Capital | 7.32% | $1.03M | $5.14B | 11.92% | 74 Outperform | |
| ONEX Corporation | 7.24% | $1.02M | C$8.26B | 24.36% | 77 Outperform | |
| ― | 6.97% | $980.30K | ― | ― | ― | |
| FS KKR Capital | 4.72% | $663.16K | $4.26B | -25.18% | 58 Neutral | |
| Golub Capital Bdc | 4.66% | $655.20K | $3.78B | -7.74% | 71 Outperform | |
| Eurazeo | 4.45% | $625.74K | €4.19B | -16.58% | 49 Neutral | |
| Hercules Capital | 4.43% | $622.14K | $3.20B | -10.77% | 57 Neutral | |
| ― | 4.29% | $602.44K | ― | ― | ― |
PEX Technical Analysis
Negative
―
Price Trends
26.45
Negative
26.75
Negative
26.24
Negative
Market Momentum
-0.05
Negative
48.93
Neutral
83.49
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PEX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 26.05, equal to the 50-day MA of 26.45, and equal to the 200-day MA of 26.24, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 83.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PEX.
PEX Peer Comparison
Comparison Results
Performance Comparison
PEX
ProShares Global Listed Private Equity ETF
26.14
1.10
4.39%
AGIX
KraneShares Artificial Intelligence & Technology ETF
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EVX
VanEck Environmental Services ETF
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FCLD
Fidelity Cloud Computing ETF
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VEGI
iShares MSCI Global Agriculture Producers ETF
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GSIB
Themes Global Systemically Important Banks ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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