DENVER--(BUSINESS WIRE)--Red Rocks Capital announced today that its Global Listed Private Equity (GLPE) Index advanced 5.97% during Q2-2019, outpacing global all-cap and small/mid-cap public equities, global REITs, and global hedge funds as low interest rates, attractive valuations, and a healthy exit environment provided favorable conditions for private equity investing.
“Despite zero exposure to FAANG (Facebook, Amazon, Apple, Netflix, and Google) and related stocks, which have been key drivers of equity returns for the past several years, the GLPE Index has provided compelling risk-adjusted returns from an investment model of active ownership, performance improvements, and strategic exits,” said Richard Baker, Red Rocks GLPE Index Product Manager. “The growth of the GLPE Index is driven primarily by the growth and performance of small private companies, which are distinct from traditional public equity return characteristics.”
Year-to-date, the GLPE Index is up 21.43% as listed private equity companies continued their advance from the Q4-2018 drawdown.
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|
Annualized Returns |
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Q2 2019 |
1 Year |
3 Year |
5 Year |
10 Year |
|
Global Listed Private Equity (GLPE) Index |
5.97% |
4.06% |
14.12% |
6.48% |
13.65% |
MSCI All Country World Index |
3.78% |
6.35% |
12.28% |
6.78% |
10.77% |
MSCI All Country World Small-Midcap Index |
2.71% |
-0.42% |
10.10% |
5.28% |
11.11% |
S&P Global REIT Index |
1.58% |
10.05% |
4.59% |
6.44% |
13.43% |
HFRX Global Hedge Fund Index |
1.58% |
-1.95% |
2.13% |
-0.11% |
1.42% |
Source: Bloomberg, as of 6/30/2019
About The Red Rocks Global Listed Private (GLPE) Index
Comprised of 40 to 75 listed private equity companies, the GLPE Index provides broad exposure to the growth and returns generated by thousands of private companies. For more information, visit the GLPE index website, www.glpeindex.com
Important Disclosures
This information has been prepared by Red Rocks Capital from data believed to be reliable, but no representation is made as to accuracy or completeness. The results portrayed reflect the reinvestment of dividends and other earnings. The index included securities that track the performance of private equity firms that are publicly traded.
Past performance is no guarantee of future results. Index returns shown are not reflective of actual investor performance or do they reflect fees and expenses applicable to investing.
Global Listed Private Equity (GLPE) Index: designed to track the performance of private equity firms which are publicly traded on any nationally recognized exchange worldwide.
MSCI All Country World Index: a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world.
MSCI All Country World Small-Midcap Index: captures mid and small cap representation across 23 Developed Markets (DM) and 24 Emerging Markets.
S&P Global REIT Index: a comprehensive benchmark of publicly traded equity REITs listed in both developed and emerging markets.
HFRX Global Hedge Fund Index: An index designed to be representative of the overall composition of the hedge fund universe, based on defined and predetermined rules and objective criteria to select and rebalance components to maximize representation of the Hedge Fund Universe.
One cannot invest directly in an index.
None of the information contained here constitutes a solicitation, offer, opinion, or recommendation by Red Rocks Capital LLC to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment.