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As of September 12, 2014, KSM Short Real Estate 15 ETN has gone out of business. KSM Short Real Estate 15 ETN is an exchange traded note launched by K.S.M Sal Indices Certificates Ltd. It seeks to replicate twice the inverse of the daily performance of the TA RealEstate-15 Index. The index represents the public equity markets of Israel. It takes short positions and uses derivatives to include the stocks of companies operating in the real estate sector. The index represents the stocks of large-cap companies. KSM Short Real Estate 15 ETN was formed on June 9, 2007 and is domiciled in Israel.
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