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Interesting new financial product
Old 01-31-2007, 10:25 AM   #1
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Interesting new financial product

Claymore Sec. has come out with Macroshares and it is supposed to allow investors or "gamblers" to make trades based on the upward/downward price of oil. I am still reading up on it a bit but it is interesting nonetheless. There appears to be some relatively small tracking error and it is an expensive game to play - 1.60 exp ratio - but it could give some investors what they want: the ability to bet on the price movement of oil itself w/o entering futures market. They also use short-term Treasuries as collateral so you can also net some income. Prospectus is available and they also have a FAQ section.

http://www.claymore.com/macro/public...macrohome.aspx
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Re: Interesting new financial product
Old 01-31-2007, 06:45 PM   #2
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Re: Interesting new financial product

Quote:
Originally Posted by wildcat
Claymore Sec. has come out with Macroshares and it is supposed to allow investors or "gamblers" to make trades based on the upward/downward price of oil.
File this under "A fool and his money . . . "
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Re: Interesting new financial product
Old 01-31-2007, 11:31 PM   #3
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Re: Interesting new financial product

Quote:
Originally Posted by 3 Yrs to Go
File this under "A fool and his money . . . "
A 1.60% ER? The heck with the oil. Where do we invest in Claymore Securities?
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Re: Interesting new financial product
Old 02-01-2007, 07:37 AM   #4
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Re: Interesting new financial product

There is also the ETF OIL.
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