Since inception, the fund has lost 68.06%, and is currently bumping up against its 50 day moving average after falling through this level last Thursday. With any sustained rally in the broader financials sector, this ETF will likely see strength in sympathy, but if financials do falter as they did in mid-November after a “head-fake” rally, PSP should be expected to retest recent lows.
PowerShares Global Listed Private Equity Index
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