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Bullboard - Stock Discussion Forum 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... see more

TSX:XMC - Post Discussion

iShares S&P US Mid-Cap Index ETF > lawsuit from HSBC
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Post by freddy1966 on Apr 24, 2010 7:25am

lawsuit from HSBC

HSBC is a legitimate company, not cowboys.

Although XMC claims innocence how can a company with just 45 employees defend itself against a global bank ?

Opinions ?

Freddy1966

Comment by ob1knob on Apr 24, 2010 9:46pm
I'm a goof of an investor and all that but....First, I'd like to see the details of the claim. XMC is in the business of issuing higher risk mortgages and in turn recieving a higher yield. HSBC is a competitor in the Mortgage business(?) but in what way is XMC been doing business with HSBC to lead to any claim? Don't know... would like details.What will the Lawsuit accomplish (even ...more  
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