MacroShares Housing Depositor plans to introduce two exchange-traded securities that will track the price movement of U.S. housing. The new securities will allow investors to participate in the price movements of the housing market, without taking physical ownership of real properties.
“Housing has been the catalyst for both the boom and bust of the U.S. Economy,” commented Sam Masucci, President and CEO of MacroMarkets. “Several marquee institutions have suffered tremendous losses in part, due to the lack of market-traded price discovery and effective home price hedging tools. MacroShares Major Metro Housing Up and Down are a market-based solution to this unprecedented financial crisis.”
For investors with a bullish bias on housing, the Major Metro Housing Up (UMM) is designed to increase in value when the value of homes inside the S&P/Case-Shiller index rise.For investors with a bearish tone, the Major Metro Housing Down (DMM) is designed to increase in value when home values in the S&P/Case-Shiller index fall.