"MacroMarkets Metro Housing Funds"

Got this email: "MacroMarkets Metro Housing Funds On May 11, MacroMarkets will IPO two new securities that truly change the game for asset allocation in a stock account. No longer resigned to use REITs as a surrogate for real estate exposure, stock investors will now be able to speculate on residential housing itself. Major Metro Housing Up (UMM) and Major Metro Housing Down (DMM) track three... [more]

Got this email: "MacroMarkets Metro Housing Funds On May 11, MacroMarkets will IPO two new securities that truly change the game for asset allocation in a stock account. No longer resigned to use REITs as a surrogate for real estate exposure, stock investors will now be able to speculate on residential housing itself. Major Metro Housing Up (UMM) and Major Metro Housing Down (DMM) track three times the percentage change of single-family homes, as measured by the widely watched Case-Shiller Composite Home Price Index. Essentially, this is a way to bet on (or hedge) the value of residential real estate with one simple transaction. If you are bullish on housing, buy UMM. If you are bearish on housing, or want to hedge the value of your own home, buy DMM. Particulars are spelled out in the fund’s detailed prospectus. Case-Shiller Composite Home Price Index Source: MacroShares The composite index is comprised of New York (27%), San Diego (5.5%), San Francisco (11.8%), Washington, D.C. (7.8%), Boston (7.4%), Chicago (8.9%), Denver (3.7%), Las Vegas (1.5%), Los Angeles (21.2%) and Miami (5.0%), giving investors a broad exposure to residential metro real estate without being too heavily weighted in any one region. These funds represent a major step forward in asset allocation for investors of every size and stripe, allowing you to buy (or sell) a home without so much as calling a broker." [less]