Глобальный Дом

Дома являются наиболее близким к нам способом инвестиций, привязанным к каким-то особым местам, как, например, дерево и таким образом процветающим или увядающим в ответ на местные экономические условия. На наших телеэкранах мелькает весь мир, но рынок наших домовладений, который практически полностью состоит из местных непрофессионалов, все еще находится прямо здесь, на нашем заднем дворе.

Однако, скоро все это может измениться. В течение месяца, Чикагская Товарная Биржа (CME), в сотрудничестве с моей компанией «MacroMarkets», а так же Fiserv и Standard & Poor’s запустят программу фьючерсов и опциональных контрактов по оценке жилых домов в десяти городах США. Контракты будут размещены на S&P/Case-Shiller Home Price Indices, которая появилась благодаря научной работе, впервые написанной моим коллегой Карлом Кейсом и мной самим почти двадцать лет назад. В течение многих лет мы проводим кампанию в поддержку фьючерсов домовладений, но до сегодняшнего дня ни одна биржа не желала использовать такие индексы для создания фьючерсного рынка.

Фьючерсные рынки цен на домовладения позволят инвесторам со всего мира обходным путем вкладывать капитал в американские дома, через покупку доли в них на этих рынках. Инвесторы из Парижа, Рио-де-Жанейро или Токио смогут вкладывать капитал в занятые владельцами дома в Нью-Йорке, Лос-Анджелесе и Лас Вегасе.

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