Deutsche Bank announced they will reduce the management fee on DB Commodity Index Tracking (DBC) exchange traded fund. The fee will be reduced from 0.95% to 0.75% and they will also assume expenses of 0.15%, for a total reduction of 0.35%.
DBC was launched in February and since then the ETF has grown in excess of $600 million in assets. Deutsche Bank has also filed for eight more commodity and currency based funds.
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