PEX - ETF AI Analysis
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ProShares Global Listed Private Equity ETF (PEX)
The ProShares Global Listed Private Equity ETF (PEX) has a moderate overall rating, reflecting a mix of strong and weaker holdings. Leading contributors like 3i Group plc, with its robust financial performance and bullish outlook, and Ares Capital, supported by attractive valuation and solid earnings, positively drive the fund’s rating. However, weaker holdings such as Eurazeo, which struggles with negative net profit and cash flow issues, may have held back the ETF’s overall score. A key risk factor is the fund's exposure to companies with financial performance challenges, which could impact long-term stability.
PEX vs. SPDR S&P 500 ETF (SPY)
- AUM
- 10.18M
- Region
- Global
- Expense Ratio
- 2.75%
- Beta
- 0.73
- Issuer
- ProShares
- Inception Date
- Feb 26, 2013
- Dividend Yield
- 5.75%
- Asset Class
- Equity
- Index Tracked
- LPX Direct Listed Private Equity Index
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 |
|---|---|---|---|---|---|---|
 ARCC | Ares Capital | 9.88% | $1.00M | $13.29B | -5.86% | 75Outperform |
 GB:III | 3i Group plc | 9.83% | $999.32K | GBP 24.56B | -46.98% | 85Outperform |
 MAIN | Main Street Capital | 7.57% | $769.28K | $4.98B | -6.06% | 74Outperform |
 TSE:ONEX | ONEX Corporation | 7.76% | $788.53K | CAD 7.80B | -10.31% | 77Outperform |
 FSK | FS KKR Capital | 4.20% | $427.11K | $2.79B | -30.17% | 58Neutral |
 GBDC | Golub Capital Bdc | 4.43% | $450.15K | $3.11B | -13.24% | 71Outperform |
 FR:RF | Eurazeo | 3.55% | $360.51K | EUR 3.12B | -22.52% | 49Neutral |
 HTGC | Hercules Capital | 4.42% | $449.75K | $3.05B | -6.04% | 57Neutral |
PEX Technical Analysis
Price Trends
Market Momentum
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 22.29 is above the 20-day moving average (MA) of 22.25, below the 50-day MA of 23.05, and below the 200-day MA of 22.63, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 52.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PEX.
PEX Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| PEX | $22.29 | $27.00(21.13% Upside) | $10.18M | 2.75% | 56Neutral |
 AGIX | $42.91 | $64.45(50.19% Upside) | $764.47M | 1.00% | 60Neutral |
 VEGI | $44.57 | $51.83(16.28% Upside) | $167.52M | 0.39% | 59Neutral |
 FCLD | $43.91 | $56.05(27.64% Upside) | $153.93M | 0.39% | 67Neutral |
 EVX | $40.72 | $47.04(15.53% Upside) | $98.42M | 0.55% | 64Neutral |
 GSIB | $59.44 | $67.84(14.14% Upside) | $39.21M | 0.35% | 71Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PEX | ProShares Global Listed Private Equity ETF | 22.29 | -2.64 | -10.57% | |
| AGIX | KraneShares Artificial Intelligence & Technology ETF | 42.91 | 4.95 | 13.04% | |
| VEGI | iShares MSCI Global Agriculture Producers ETF | 44.57 | 5.65 | 14.50% | |
| FCLD | Fidelity Cloud Computing ETF | 43.91 | 13.22 | 43.08% | |
| EVX | VanEck Environmental Services ETF | 40.72 | 1.35 | 3.44% | |
| GSIB | Themes Global Systemically Important Banks ETF | 59.44 | 12.89 | 27.70% |
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.