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MacroShares are unique, exchange-traded securities that facilitate portfolio balancing by enabling investors to express a bullish or bearish view on the value of fundamentally important asset classes and economic interests. Unlike other exchange-traded products, MacroShares are fully-collateralized with short-term U.S. Treasury securities, overnight repurchase agreements and cash.
Benefits:
- No issuer credit risk or hidden counterparty risks
- Earn direct or inverse, nominal or levered returns of important and/or heretofore inaccessible asset classes and economic interests
- Intraday prices and liquidity
- Underlying Values that accurately track the applicable reference benchmark, and premium/discounted market prices that reflect investor expectations beyond the near-term
- Unlike levered ETFs, levered MacroShares replicate benchmark performance beyond a single day, and magnify long-term inverse returns to meet the needs of buy-and-hold investors
- Income from Treasury collateral defrays trust expenses, can produce quarterly distributions, and is exempt from state and local taxes
How MacroShares Work: An Example
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