-
Invesco Global Listed Private Equity ETF (PSP)
-
Virtus Private Credit Strategy ETF (VPC)
-
NBI Global Private Equity ETF (NGPE)
-
Brookfield Corporation Class A Limited Voting Shares (BN)
Q: Thank you for your excellent answer to a very pertinent question by Brian this morning (25-06-2024) on Private equity.
You didn't include your all time favorite company BN :) How come? Also, sometime ago when I asked about non correlated assets, you had mentioned about the US companies like KKR,BX,BLK etc., They didn't get a mention in your answer to Brian either.
In your answer to Brian you had suggested ETFs both in the US and one in Canada. Do you have any particular preference?
Last but not the least, from your answers to various questions, I get the impression that you are not too concerned about the impending crash! You still seem optimistic. In that case increasing the allotment to Private equity is bit premature, no?
Take as many credits as it is warranted.
Many thanks.
You didn't include your all time favorite company BN :) How come? Also, sometime ago when I asked about non correlated assets, you had mentioned about the US companies like KKR,BX,BLK etc., They didn't get a mention in your answer to Brian either.
In your answer to Brian you had suggested ETFs both in the US and one in Canada. Do you have any particular preference?
Last but not the least, from your answers to various questions, I get the impression that you are not too concerned about the impending crash! You still seem optimistic. In that case increasing the allotment to Private equity is bit premature, no?
Take as many credits as it is warranted.
Many thanks.
5i Research Answer:
The question specifically asked for ETFs so we only focused on those. We still like BN and the US private equity companies quite a lot, and have comments posted recently in the Q&A. Generally, the private market is much deeper in the US and we would prefer that market. There is always talk of a crash, and we have learned to instead focus on the two things that really count: earnings and interest rates. These are both still directionally positive. We would not view adding private equity as a 'profit maximizer' move, but rather a diversification move. Thus, we think it could be added at any time if one wants to have less market correlation.