PowerShares Retries International Private Equity ETF By Don Dion About this article: Another day, another SEC filing. Invesco PowerShares has just announced plans for an ETF covering global private-equity firms. This recent filing comes three months after PowerShares axed 19 of its underperforming funds, including an international private-equity product, the PowerShares International Listed Private Equity Portfolio . As a result of poor timing -- the PFP came into play in 2007, amidst a credit market crisis -- PFP nosedived over a miserable two-year existence. By the time PowerShares finally issued a DNR and pulled the metaphorical plug, PFP's total assets had dwindled to just shy of $12.6 million. On a domestic level, PowerShares' attempt at private-equity has been a delayed success. The firm launched its PowerShares Listed Private Equity Portfolio in 2006. Although somewhat volatile -- 2008 was a particularly rough year for PSP -- the fund has recently flourished, growing by roughly 22% year-to-date. Returning back to the... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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