Real Estate Mutual Funds And ETFS Suffer From Citicorp Bringing Back Loans Onto Its Books
Saturday, 15. December 2007, 03:33:55
Citicorp announced that it was taking back loans that it had sold off to hedge funds; in response, short sellers today took the ax to real estate stocks: the result was seen in a sharp drop in real estate ETFs and Mutual funds.
IYR -3%
Franklin Real Estate Securities A, FREEX, -3%, -7% for the week
IYR -3%
Franklin Real Estate Securities A, FREEX, -3%, -7% for the week
WIDGETIZE