MacroShares have also filed for Medical Inflation Up/Down and Major Metro Housing Up/Down. They have been getting a large amount of favorable pre-coverage on these potential offerings. But, guess what? They won't track their underlying indexes either.
Without the ability to force (arb) the price to track the NAV, they are lacking the "essence" of what makes an ETF and ETF.
Bye-Bye MacroShares [View article]
The MacroShares Anomaly [View article]
Without the ability to force (arb) the price to track the NAV, they are lacking the "essence" of what makes an ETF and ETF.