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iPath Closing MFSA on September 17th

Sep. 11, 2013 3:30 PM ETEFA, ADRD, VEA, IDHQ, PXF, EFZ, EFU, PIZ, FDT, DZK, DPK, EFO, DBEF, MFLAF, MFSA, FWDI, URTH, IEFA, FNDFBy: Carolyn Pairitz Morris, SA News Editor
  • 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

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