LPX Composite TR (in EUR)
After a negative return of -10% in 2018, the Private Equity Index rocketed in 2019 by jumping 45% marking an all-time high before Christmas at EUR 306.89 points. Over the past 10 years the Index showed a total return of 324%. The underlying fundamental performance as measured by the LPX Composite NAV Index showed a positive performance of more than 10% in 2019. This led to a closing of the discount of -7.50% as of 31 December 2019 (compared to -21.31% as of 31 December 2018).
More information can be found here: LPX Indices 2019 E
Listed Private Equity Firms Record Considerable Discounts
Many listed investment companies are currently trading at valuations below the value of their holdings. The average discount on the net asset value at the end of September is around seven percent. For comparison: Before the financial crisis, the investment companies traded for years at premiums on the book value of more than 20 percent. This is the result of a study by LPX AG, a provider of indices and research for listed alternative investments.
Official Press Release
EQT AB, the largest buyout firm in the Nordic region classified as a private equity fund manager has had a successful IPO as of September 24, 2019 with +34% first trading day.
With a market cap of approx. EUR 10bn the instrument is eligible for inclusion in most of the LPX indices after a minimum 1 year trading period according to the LPX Guide to the Equity Index Series.
Infrastructure is popular with institutional investors. Infrastructure investments provide steady cash flow and promise inflation protection. But not all approaches hold what the term “infrastructure” promises. Tim Büttner has written a balanced and comprehensive text in portfolio institutionell. The article is available here: Portfolio Institutionell – Eine Infrastruktur aus Aktien.
Die FAZ am Sonntag berichtet über “Private Equity für jedermann”. Der Text gibt einen guten Überblick über die verschiedenen Möglichkeiten in Private Equity zu investieren – wie zum Beispiel den ETF auf unseren Listed Private Equity Index, den LPX Major Market. Den Artikel gibt es hier: Private Equity für jedermann 20190811_F.A.S._Seite 28
All LPX and NMX indices have been recalculated and disseminated to client accounts. All third party vendors have been informed accordingly.
Die Wirtschaftswoche berichtet über die Anlagestrategien von Vermögenden und ihren FamilyOffices. Für sie und andere professionelle Investoren ist PrivateEquity inzwischen ein essenzieller Bestandteil des Portfolios. Listed Private Equity bietet einfachen Zugang dieser Anlageklasse, ist täglich handelbar – und erfreut sich deswegen wachsender Beliebtheit.
Der Beitrag findet sich hier: Die Hilfreichen_Titelstory_WiWo_02.08.2019
Zurich, April 3, 2019 – LPX AG, a leading provider of stock indices for alternative asset classes, has been recognized as the world’s first third country administrator of benchmarks and has been listed in the ESMA Register under Article 32 of the EU Benchmark Regulation. The benchmark regulation came into force on June 30, 2016 and has become effective as of January 1, 2018. For all benchmark providers, there is currently a transitional period for the acquisition of recognition by the European Securities and Markets Authority ESMA.
Official Press Release
On March 9, 2009, stock prices reached their lowest levels worldwide. Since then private equity firms have not only gone along with the stock market’s unprecedented boom. But the LPX Major Market Index, which depicts this industry, casts off other benchmarks such as the Dax for the German market and Euro Stoxx 50 and MSCI World for Europe and the world.
Private-Equity-Gesellschaften winken mit hohen Renditen für Anleger