Deutsche Bank has one exchange traded fund, Deutsche Bank Commodities (DBC), and according to IndexUniverse, they have filed with the SEC for a second ETF. This new ETF, the DB Currency Index Value Fund, will trade under the symbol DBV. It would use leveraged long and short positions in different currency futures with the goal of capturing positive absolute returns.
If approved, the ETF would track 10 currencies, take long positions in the 3 currencies with the highest interest rates and short positions in the 3 currencies with the lowest interest rates. It will not invest in the U.S. dollar.
It may take some time for the ETF to gain SEC approval, but when it does, Deutsche Bank will need to educate investors about the currency strategies. This ETF will open new investment possibilities.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.