June 19, 2008 at 10:00 am by Tom Lydon
PowerShares and Deutsche Bank are teaming up again to launch eight base-metal and crude oil-linked exchange traded notes (ETNs).
The notes will be linked to the performance of industrial metals and
crude oil, through a cost-effective and convenient method, also
offering short and leveraged exposure.
The base metals notes will list on the NYSE Arca and reflect a basket of
aluminum, copper and zinc futures, tracking the Deutsche Bank Liquid
Commodity Index- Optimum Yield Industrial Metals. The oil ETNs will offer a variety of exposure to the Deutsche Bank Liquid Commodity Index-Optimum Yield Light Crude. They all come with an expense ratio of 0.75%.
The new funds are:
- PowerShares DB Base Metals Double Short ETN (BOM)
- PowerShares DB Base Metals Double Long ETN (BDD)
- PowerShares DB Base Metals Short ETN (BOS)
- PowerShares DB Base Metals Long ETN (BDG)
- PowerShares DB Crude Oil Double Long ETN (DXO)
- PowerShares DB Crude Oil Long ETN (OLO)
- PowerShares DB Crude Oil Double Short ETN (DTO)
- PowerShares DB Crude Oil Short ETN (SZO)
