Wikinvest Wire
Tuesday, January 30, 2007
GII Delayed
The Macquarie Global Infrastructure 100 ETF (GII) was delayed. I called in to get some info and was told they do not have an ETA for when it will list.
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4 comments:
Roger,
One question if I may (I hope the subject is not stale yet):
I have been looking at the graph of MIC performance expecting somewhat of a smooth and uneventful ride, however, I was surprised to see a very volatile ride with a 30% drop and then a 40% climb during the last year alone.
Is this the kind of volatility I can expect moving forward from this vehicle? as a potential fixed income proxy I don't think I can stomach it.
Thank you,
SA
the decline and rise you mention came during the risk aversion correction. At the same time ten year yields rose considerably. That is likelty a bad combo for MIC.
If that type of correction happens again MIC might do the same thing. Obviously I can't help you on what you can stomach but my belief in the utility of it does not change.
Yes, I see your point:
http://finance.yahoo.com/q/bc?t=1y&s=MIC&l=on&z=m&q=l&c=%5Etnx
I'll have to think about it, I like the theme.
Thank you for your very insightful advise. As always, it is a pleasure and an educational experience to read your blog.
SA.
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