PowerShares Private Equity E.T.F. (PSP)

Betting on the profitability of the private equity companies, not in individual ventures. A way to leverage than to get into private equity.

PowerShares Private Equity. Intriguing ETF. Volume is at the threshold where you want it to be on a daily basis, which averages around 100,000 shares trading per day. Outlook on private equity is cloudy in the near term but on a longer-term basis it is an attractive field to be in, along with asset managers. The only 2 areas that he would have any money invested in the financial areas. Would hold a modest position, 2%, for the long-term.