New Securities Product Tied to Home Prices

MacroMarkets and WisdomTree Asset Management have come together of offer securities that are tied to home prices. WisdomTree will assist in the introduction of and education about two new products: MacroShares Major Metro Housing Up and MacroShares Major Metro Housing Down.
The MacroShares Major Metro Housing Trusts are designed to reflect trends in home price movements. The pair (Up and Down) will move in relation to the S&P/Case-Shiller Home Price Indices, a widely followed barometer of residential housing prices in the U.S.  Robert Shiller, co-founder and Chief Economist of MacroMarkets noted:
“Housing prices play a tremendous role influencing consumer confidence, the direction of …read more