graphrix_IHB
New member
<a href="http://www.macromarkets.com/recent_news/press_releases/2008/20081001_housing_pr.pdf">Am I the only one who missed this in the news, or did it just slip under the radar from the MSM</a>?
<em>Investors interested in benefiting from a housing recovery reflected as a rise in the index value and/or gaining access to this important asset class without the costs associated with buying a home can invest in Major Metro Housing Up (NYSE ticker: UMM). The underlying value of UMM will increase as home prices rise as measured by the S&P/Case-Shiller index.
Investors seeking to manage existing exposure to housing, or those who are concerned about further home price declines reflected as a decline in the index value, can choose to invest in Major Metro Housing Down (NYSE ticker: DMM). The underlying value of DMM will increase as home prices fall as measured by the S&P/Case-Shiller index.
The auction is tentatively scheduled to open on November 3rd and close on November 17th. WR Hambrecht + Co?s automated system has been designed to enable participating investors to have price and volume transparency as part of the process, while maintaining strict confidentiality of anyone bidding in the auction.
Robert Shiller, co-founder and Chief Economist of MacroMarkets noted, ?As recent events have proven, our global economy will benefit from modern, transparent, market based risk management solutions. Ongoing private sector innovation remains a vital complement to governmental efforts to modernize and protect our financial institutions, and I am confident that MacroShares will help meet a key 21st century economic challenge: delivering greater market access, new price discovery and liquidity to real estate.?</em>
<em>Investors interested in benefiting from a housing recovery reflected as a rise in the index value and/or gaining access to this important asset class without the costs associated with buying a home can invest in Major Metro Housing Up (NYSE ticker: UMM). The underlying value of UMM will increase as home prices rise as measured by the S&P/Case-Shiller index.
Investors seeking to manage existing exposure to housing, or those who are concerned about further home price declines reflected as a decline in the index value, can choose to invest in Major Metro Housing Down (NYSE ticker: DMM). The underlying value of DMM will increase as home prices fall as measured by the S&P/Case-Shiller index.
The auction is tentatively scheduled to open on November 3rd and close on November 17th. WR Hambrecht + Co?s automated system has been designed to enable participating investors to have price and volume transparency as part of the process, while maintaining strict confidentiality of anyone bidding in the auction.
Robert Shiller, co-founder and Chief Economist of MacroMarkets noted, ?As recent events have proven, our global economy will benefit from modern, transparent, market based risk management solutions. Ongoing private sector innovation remains a vital complement to governmental efforts to modernize and protect our financial institutions, and I am confident that MacroShares will help meet a key 21st century economic challenge: delivering greater market access, new price discovery and liquidity to real estate.?</em>