Oil investments with wide spreads raise eyebrows; Advisers wary of the exchange traded securities.(News)

From: Investment News | Date: January 29, 2007 | Copyright information

Byline: David Hoffman

PHILADELPHIA - A couple of exchange traded securities are doing something that is catching many people off guard - trading at unusually wide spreads to net asset value.

As of Wednesday, Claymore MACROshares Oil Up Tradable Shares (UCR) were trading at a 6.22% premium to NAV, and Claymore MACROshares Oil Down Tradable Shares (DCR) were trading at a discount to NAV of 5.40%.

The products, which together have just over $48 million...

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