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MacroShares Major Metro Housing UP (UMM) RSS Feed

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Created
08/05/09
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MacroShares Major Metro Housing Up / MacroShares Major Metro Housing Down ETPs: Developed by Karl Case and Robert Shiller, the Case-Shiller Composite-10 Home Price Index is a closely watched gauge of U.S. home prices. It measures single-family housing prices in the country’s 10 largest cities. MacroShares Major Metro Housing are the only product in the market provide investors with direct access to the housing asset class, allowing for investment in either the upward or downward movement of home prices with no issuer or counterparty credit risk. MacroShares Major Metro Housing Up (NYSE Arca: UMM) and MacroShares Major Metro Housing Down (NYSE Arca: DMM) are paired trusts. When MacroShares Major Metro Housing Up are created, an equal number of MacroShares Major Metro Housing Down are also created. UMM funds are invested in short term U.S. treasuries and cash.” DMM investor funds are invested in short term U.S. treasuries and cash. The funds feature a 3x leverage factor. Link to related URL http://www.macromarkets.com
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