David Hoffman of Investment News reports on a new product similar to an exchange traded fund that will help investors hedge their home value.  MACROs are a type of ETF whose value would be linked to the performance of a reference index, price or other economic variable.  The first proposed MACROs are to follow a residential and real estate index for the Los Angeles area.  MACROs were developed by MacroMarkets LLC.

Although the MACROs are still in filing, this type of ETF would be useful as a hedge for a client who has a large chunk of their wealth tied to there home.

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