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Real-Estate-Price ETFs
Posted on June 13, 2008
Macro Shares filed for two ETFs that allow for gaming real estate prices as measured by the S&P Case-Shiller Composite 10 Home Price Index.The 10 in the name refers to the ten cities in the index, which are Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington D.C.One fund will go double long the index with ticker UMM and the other will go double short the index with ticker DMM.You can read more about these from IndexUniverse and 24/7 Wallstreet.We all know that real estate prices have been going down. One report a couple of weeks ago, via B...
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