MacroShares Home Price IPO Stalls; New Plans

MacroShares’ planned initial public offering for its Major Metro Housing exchange-traded products has failed, due to an imbalance in orders between investors wanting to buy upside exposure to U.S. residential home prices and those wanting to invest on the downside.  The company says it will now launch the products using a traditional, market-maker-driven process; the […]

Shiller: Now You Can Short Housing (ETF: DMM)

“One reason we have bubbles in the housing market is because there’s been no way to short housing,” the Yale professor tells Time. “The ability to short is essential to an efficient market, otherwise there’s nothing to stop zealots from pricing things abnormally high.” One version of the ETF (UMM) allows investors to buy the […]

The New MacroShares ETFs Revealed

The biggest news in ETF-land over the next month could be the launch of the MacroShares home price ETFs. Or, maybe we shouldn’t say ETFs.  MacroShares is going to great lengths to remind people that these are not technically ETFs; they’re exchange-traded products, or ETPs. Understanding that difference is the key to understanding how these products […]