ETF Trends
04-22-2008, 03:25 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/21/121005oil.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/21/121005oil.jpg) Last week, the price of oil topped $111 for three consecutive days, setting off a termination trigger (http://www.etftrends.com/2008/04/updown-oil-ill.html) for two unusual exchange traded funds (ETFs).
The last trading day for MacroShares Oil Down (DCR (http://finance.yahoo.com/q?s=dcr)) and MacroShares Oil Up (UCR (http://finance.yahoo.com/q?s=ucr)) will be June 25 and will liquidate the week after that.
So, what's next? MacroShares is not going away. In fact, the company considers their up/down oil funds a success, with $300 million in assets, reports Mathew Hougan for Index Universe (http://www.indexuniverse.com/blog/31/4002-new-macros-issued.html?Itemid=3).
They'll be issuing a new round of Macros with the starting price set at $100 a barrel. The prospectus for the down trust is here (http://www.sec.gov/Archives/edgar/data/1429694/000111650208000682/0001116502-08-000682-index.htm), and the prospectus for the up trust is here (http://www.sec.gov/Archives/edgar/data/1290059/000111650208000682/macrodns1.htm).
Hougan wonders if people will bite on these new funds, as opposed to just going after the other oil-related ETF products out there.
Meanwhile, Hougan reports that the MacroMarkets people are developing a paired trust tied to medical cost inflation, as well.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275242311/whats-next-for.html)
http://www.etftrends.com/images/2008/04/21/121005oil.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/21/121005oil.jpg) Last week, the price of oil topped $111 for three consecutive days, setting off a termination trigger (http://www.etftrends.com/2008/04/updown-oil-ill.html) for two unusual exchange traded funds (ETFs).
The last trading day for MacroShares Oil Down (DCR (http://finance.yahoo.com/q?s=dcr)) and MacroShares Oil Up (UCR (http://finance.yahoo.com/q?s=ucr)) will be June 25 and will liquidate the week after that.
So, what's next? MacroShares is not going away. In fact, the company considers their up/down oil funds a success, with $300 million in assets, reports Mathew Hougan for Index Universe (http://www.indexuniverse.com/blog/31/4002-new-macros-issued.html?Itemid=3).
They'll be issuing a new round of Macros with the starting price set at $100 a barrel. The prospectus for the down trust is here (http://www.sec.gov/Archives/edgar/data/1429694/000111650208000682/0001116502-08-000682-index.htm), and the prospectus for the up trust is here (http://www.sec.gov/Archives/edgar/data/1290059/000111650208000682/macrodns1.htm).
Hougan wonders if people will bite on these new funds, as opposed to just going after the other oil-related ETF products out there.
Meanwhile, Hougan reports that the MacroMarkets people are developing a paired trust tied to medical cost inflation, as well.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275242311/whats-next-for.html)