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June 13, 2008

Hedging Your House For Fun and Profit

Interesting news: MacroMarkets is launching a housing ETF the price of which will tied to housing prices in ten major U.S. metropolitan areas.   Of course, because of the way MacroMarkets engineers these things they can only fall 50%, so they won't help you all the way down if you're counting on a complete housing price collapse. Then again, if that's your concern then a perfect hedge is the least of your worries.

More here.

[via IndexUniverse]

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