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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by rockhead7on Aug 04, 2013 8:30pm
299 Views
Post# 21649548

End game

End game
It might not be the ending we once hoped for but I think the end is near.  At over 19% ownership by Iam I think that the next move has got to be a bid for the whole company.  Moreover MXI doesn't have the money to meet the basic expenses associated with a public listing-I cannot see how there is any other option but being absorbed by another entity.  And Iam now has such an advantage-50% of the project and 19% of the company-that a competitive bid is unlikely.  Lets hope that the last results as an independant entity are spectacular enough to warrant a little higher price!
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