iShares S&P US Mid-Cap Index ETF T.XMC

Alternate Symbol(s): T.XMC.U

Financial Services Specialty Finance

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P MidCap 400 Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

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iShares S&P US Mid-Cap Index ETF

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Post by LongRoadon Aug 10, 2009 10:52am

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Post# 16205600

Will Xceed be valued like others?

Thank you for the compliments. I trust we are all seeing some light in this share tunnel as the price has moved up considerably since the press release.

Prior to August 2007, Xceed was valued at a discount to other mortgage companies (ex. Home Capital) because of the market within which they operated? Would Xceed now be valued at the same level as its peers?

I can see Xceed returning to sub-prime mortgages, but adding to their product offering such as lines of credits and credit cards tied to mortgages.

One thing is for sure. There is a very very profitable market for mortgages requiring very little down financed by sources such as GICs. For proof, read the August 6th press release from Home Capital Group. They declared another quarter of record profits.

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