PSP - ETF AI Analysis

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Invesco Global Listed Private Equity ETF (PSP)

Rating:56Neutral

Price Target:―

The Invesco Global Listed Private Equity ETF (PSP) has a moderate overall rating, reflecting a mix of strengths and risks among its holdings. HAL Trust stands out as a key contributor due to its strong financial performance, attractive valuation, and efficient cash management, which provide a robust foundation for the fund. However, holdings like TPG and Blue Owl Capital weigh on the rating due to concerns about high valuations, low profitability margins, and bearish technical indicators. A notable risk for the ETF is its concentration in private equity, which can be sensitive to market conditions and valuation fluctuations.

Positive Factors

Global Diversification

The ETF invests in companies across multiple countries, reducing reliance on any single geographic market.

Strong Top Holdings

Some of the largest positions, like 3i Group and HAL Trust, have delivered strong year-to-date performance, supporting the fund’s returns.

Exposure to Financial Sector

With over 73% of assets in financial companies, the ETF benefits from a sector that historically performs well during periods of economic stability.

Negative Factors

High Expense Ratio

The ETF charges a significantly higher expense ratio compared to many other funds, which can eat into investor returns over time.

Underperforming Holdings

Several top holdings, such as Blue Owl Capital and CVC Capital Partners, have struggled with negative year-to-date performance, dragging down the fund.

Sector Concentration Risk

The ETF is heavily concentrated in the financial sector, making it vulnerable to downturns or volatility in that industry.

PSP vs. SPDR S&P 500 ETF (SPY)

AUM306.80M

RegionGlobal

Expense Ratio1.80%

Beta1.12

IssuerInvesco

Inception DateOct 24, 2006

Dividend Yield5.44%

Asset ClassEquity

Index TrackedRed Rocks Global Listed Private Equity Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume22,727

30 Day Avg. Volume43,550

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

79.00

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering68

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

PSP Summary

The Invesco Global Listed Private Equity ETF (PSP) is an investment fund that allows you to access the world of private equity, which is typically reserved for wealthy individuals or institutions. This ETF focuses on companies in the financial sector, particularly those involved in private equity and asset management. Some well-known companies it includes are Blackstone Group and KKR & Co. Investors might consider PSP to diversify their portfolio and tap into the growth potential of private equity without the complexities of direct investment. However, it’s important to know that PSP is heavily tied to the financial sector, so its performance can fluctuate with changes in that industry.

How much will it cost me?The Invesco Global Listed Private Equity ETF (PSP) has an expense ratio of 1.8%, which means you’ll pay $18 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a niche area like private equity, which requires more specialized management. While the cost is higher, it reflects the complexity and unique exposure the ETF provides.

What would affect this ETF?The Invesco Global Listed Private Equity ETF (PSP) could benefit from increased global interest in private equity investments, as well as economic growth that supports higher valuations for private equity firms like Blackstone and KKR. 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 operations or profitability. Its global exposure also makes it sensitive to economic and political instability in key regions.

PSP Top 10 Holdings

The Invesco Global Listed Private Equity ETF (PSP) is heavily anchored in the financial sector, with a clear focus on private equity firms and asset managers. HAL Trust is a bright spot, showing steady growth and benefiting from strong fundamentals, while EQT AB adds stability with its robust performance in asset management. However, names like KKR and Partners Group are dragging the fund, weighed down by bearish momentum and valuation concerns. With a global mix of holdings, PSP offers exposure to private equity's potential, but recent market challenges are testing its resilience.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
TPG	TPG	5.34%	$16.47M	$23.32B	-10.31%	61 Neutral
EQT	EQT AB	5.01%	$15.47M	kr388.36B	0.89%	68 Neutral
KKR	KKR & Co	4.83%	$14.92M	$115.36B	-18.09%	69 Neutral
HAL	HAL Trust	4.73%	$14.61M	€12.86B	22.34%	81 Outperform
OWL	Blue Owl Capital	4.62%	$14.27M	$25.33B	-31.19%	66 Neutral
BX	Blackstone Group	4.53%	$13.99M	$185.60B	-18.64%	75 Outperform
PGHN	Partners Group Holding AG	4.50%	$13.88M	CHF24.78B	-26.62%	66 Neutral
CVC	CVC Capital Partners plc	4.35%	$13.43M	€15.01B	-37.72%	68 Neutral
	―	4.35%	$13.43M	―	―	―
III	3i Group plc	4.11%	$12.69M	£31.87B	-13.38%	78 Outperform

PSP Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

66.89

Positive

100DMA

68.62

Negative

200DMA

66.21

Positive

Market Momentum

MACD

-0.15

Negative

RSI

58.50

Neutral

STOCH

90.93

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PSP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 65.19, equal to the 50-day MA of 66.89, and equal to the 200-day MA of 66.21, indicating a bullish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 58.50 is Neutral, neither overbought nor oversold. The STOCH value of 90.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PSP.

PSP Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
PSP	―	―	$306.80M	1.80%	―
CRBN	―	―	$996.97M	0.20%	―
IVES	―	―	$978.58M	0.75%	―
IXG	―	―	$630.28M	0.41%	―
DFNL	―	―	$362.94M	0.63%	―
IPAY	―	―	$221.76M	0.75%	―

Performance Comparison

PSP

Invesco Global Listed Private Equity ETF

67.17

0.07

0.10%

CRBN

iShares MSCI ACWI Low Carbon Target ETF

―

IVES

Dan IVES Wedbush AI Revolution ETF

―

IXG

iShares Global Financials ETF

―

DFNL

Davis Select Financial Etf

―

IPAY

ETFMG Prime Mobile Payments ETF

―

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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