New Housing ETFs
Someone has finally launched a pair of ETFs focusing on the housing market (or will be shortly, anyway). MacroShares Major Metro Housing:
http://www.indexuniverse.com/sections/breaking-news/10/4202-macroshares-housing-.html
This definitely presents and interesting asset allocation alternative. And theoretically you could use it to hedge a property purchase as well.
Struggling with support & resistance and knowing what the key market levels are? Check out the Price Distribution Analysis methods I use.
2 people have left comments
Posted on June 14, 2008 at 3:27 pm
Jim wrote :
That looks interesting. I’m actually pretty interested in speculating on a homebuilders ETF at this point in time, but a real estate/ housing option could be a great hedge against property like you have mentioned. I will have a look at it as a potential investment.
Posted on June 14, 2008 at 10:48 pm
John wrote :
It you want to play the homebuilders, look at the XHB and ITB pair of ETFs.