Market Diary

MacroShares Major Metro Housing 3X ETF’s To Begin Trading Today (UMM, DMM) Today marks the first time investors will be able to purchase exchange traded products linked to U.S. Housing. MacroMarkets says it is planning for shares of the MacroShares Major Metro Up (UMM) and the MacroShares Major Metro Down (DMM) to start trading today on the New York Stock Exchange. MacroShares Major Metro Housing allow investors to express a bullish or bearish view on the movement of the S&P/Case-Shiller Composite-10 Home Price Index. The underlying value (UV) of UMM tracks the percentage change of the index with three times leverage. The market price of UMM reflects other factors, including consensus expectations of the cumulative return of S&P/Case-Shiller Composite-10 Home Price Index, plus potential quarterly net income distributions, over the remaining term of the security. The UV of DMM tracks the percentage change of the index in an inverse manner with three times leverage. The market pr...

जय हो में निक्षेप करो Helios Capital Management Pte, the hedge-fund manager once backed by Tudor Investment Corp., plans to start a “Slumdog Millionaire” fund that will buy underperforming shares of Indian companies. “We want to find slumdogs from the Indian equity markets who have the potential of becoming millionaires,” Samir Arora , founder of Singapore-based Helios Capital, said in an interview. The firm plans to raise about $50 million by the end of July for its long-only Helios India Jai Ho Fund, Arora said. “Jai Ho,” which means “victory” in Hindi, is the Oscar- winning theme song from “Slumdog Millionaire,” a feel-good tale of a Mumbai orphan’s escape from poverty that scooped eight Academy Awards, including best picture, this year in Los Angeles. The new fund comes after India’s benchmark Sensitive Index has already jumped 54 percent this year, making it the world’s sixth-best performer and partially reversing last year’s rout. The index surged a record 17 percent on May 18...

Heavy news driven day tomorrow. Most of them will come on 7.30 AM CST