real-time news and commentary for investors
Wednesday, Sep 11
iPath Closing MFSA on September 17th
- The Short Enhanced MSCI EAFE ETN's redemption feature was triggered automatically after recent months of rising global market indices.
- MFSA offered 2x inverse exposure to global markets, excluding North America, and performed best at the height of the euro crisis.
- The MSCI EAFE has gained close to 18% in the past year, causing MFSA to tumble and lose over 60% of its value according to a press release.
- Related funds: EFA, IEFA, VEA, DBEF, ADRD, FDT, URTH, FWDI, FNDF, MFLA, EFO, EFU, DZK, DPK, EFZ, PXF, IDHQ, PIZ