ASX Small Cap Lunch Wrap: Who's up for a new ETF today?

2021 has given us an ASX crypto ETF, a semiconductor ETF and soon a private equity ETF will be added to the list.

This morning one of the Australian bourse’s major ETF providers VanEck announced it was launching the Global Listed Private Equity ETF (ASX:GPEQ).

Van Eck says, similar to the crypto and semiconductor ETFs, it is the first time Australian investors will had such direct access to this asset class, which accounts for 98% of the world’s companies (the other 2% being listed).

“Private equity offers investors long-term historical outperformance over public markets, yet traditionally it has only been accessible by institutional and ultra high net worth investors,” said Van Eck Asia-Pacific CEO Arian Neiron.

“GPEQ changes that and allows all investors to participate in private equity investments for the first time through a single trade on the ASX.

“As an alternative investment, private equity is important for investor’s portfolios as it displays a low correlation with equities and bonds as well as offering attractive risk and return characteristics.”

The VanEck Global Listed Private Equity ETF (GPEQ) will track the LPX50 Index which represents the global performance of the 50 most highly capitalised and liquid listed direct, indirect and private equity managers.

Some of these include 3i Group, Ares Capital, Onex Corp and Main Street Capital.

LPX50 Index chart

On local markets, the ASX has retreated slightly this morning down 0.12% to 7,444 points as at 11.45am (AEDT).

The resources sector is higher, but bank stocks are down. So far this week, the ASX has struggled to follow the lead from Wall Street, which continues to hit new record highs.

Meanwhile, the gold price continues to hold its gains after pushing above US$1,800/oz at the end of last week.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 9 [intraday]:

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Code	Name	Price	% Change	Volume
WOO	Wooboard Tech Ltd	0.002	33	251527
LMG	Latrobe Magnesium	0.1375	31	36954873
ANL	Amani Gold Ltd	0.0025	25	2445515
AYM	Australia United Min	0.01	25	4500344
PLG	Pearlgullironlimited	0.135	23	87692
RFT	Rectifier Technolog	0.044	22	17420832
CHN	Chalice Mining Ltd	8.23	22	3178339
PH2	Pure Hydrogen Corp	0.665	21	10235722
LIO	Lion Energy Limited	0.099	21	9141255
ECT	Env Clean Tech Ltd.	0.024	20	14444652
DCC	Digitalx Limited	0.1325	20	13358931
AOA	Ausmon Resorces	0.007	17	5143151
KEY	KEY Petroleum	0.0035	17	206750
SBR	Sabre Resources	0.007	17	153811
MRL	Mayur Resources Ltd	0.225	15	36500
KOR	Korab Resources	0.061	15	13063556
DDD	3D Resources Limited	0.004	14	7923334
MEB	Medibio Limited	0.008	14	1748131
RD1	Registry Direct	0.032	14	67397
RDS	Redstone Resources	0.016	14	570999
HIQ	Hitiq Limited	0.205	14	1454828
PXS	Pharmaxis Ltd	0.125	14	995427
DOU	Douugh Limited	0.077	13	7302627

Chalice (ASX:CHN) rose after unveiling its Maiden Mineral Resource for Julimar.

The company confirmed it was largest nickel sulphide discovery globally in at least 20 years, and the largest PGE discovery in Australian history.

Pearl Gull Iron (ASX:PG1) rose after drilling results

Douugh (ASX:DOU) updated shareholders on its customer numbers in the US.

And biotech Pharmaxis (ASX:PXS) got won FDA approval of its Investigational New Drug application to trial its PXS-5505 drug against liver cancer.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 9 [intraday]:

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Code	Name	Price	% Change	Volume
CAE	Cannindah Resources	0.355	-38	8044087
YPB	YPB Group Ltd	0.002	-33	4895465
GAP	Gale Pacific Limited	0.305	-28	2378102
DME	Dome Gold Mines Ltd	0.195	-26	8535
TZL	TZ Limited	0.14	-20	1029189
CCE	Carnegie Cln Energy	0.0025	-17	1906875
ACW	Actinogen Medical	0.16	-16	7775987
TNG	TNG Limited	0.1025	-15	4365219
GGX	Gas2Grid Limited	0.003	-14	969800
MTB	Mount Burgess Mining	0.006	-14	80000
GLA	Gladiator Resources	0.033	-13	6506953
EGN	Engenco Limited	0.47	-13	28868
CGB	Cann Global Limited	0.0035	-13	7597373
EQX	Equatorial Res Ltd	0.19	-12	25520
ZMI	Zinc of Ireland NL	0.053	-10	10000
EQN	Equinoxresources	0.225	-10	292924
NAG	Nagambie Resources	0.072	-10	5920
TPD	Talon Energy Ltd	0.009	-10	3473357
WMG	Western Mines	0.185	-10	135280
AEV	Avenira Limited	0.02	-9	8489025
TYM	Tymlez Group	0.031	-9	5465947
IOD	Iodm Limited	0.32	-9	67478
AZL	Arizona Lithium Ltd	0.11	-8	23613485

After posting big gains last week in connection with news from its ‘Mt Cannindah’ copper-gold-silver project, Cannindah (ASX:CAE) plunged this morning after its latest exploration update.

Gale Pacific (ASX:GAP) fell after a trading update in which it reported it had been hit by cost inflation greater than it had previously anticipated.