Last week, the price of oil topped $111 for three consecutive days, setting off a termination trigger for two unusual exchange traded funds (ETFs).
So, what’s next? MacroShares is not going away. In fact, the company considers their up/down oil funds a success, with $300 million in assets, reports Mathew Hougan for Index Universe.
Hougan wonders if people will bite on these new funds, as opposed to just going after the other oil-related ETF products out there.
Meanwhile, Hougan reports that the MacroMarkets people are developing a paired trust tied to medical cost inflation, as well.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.