PowerShares and Deutsche Bank are uniting to offer commodity and currency exchange traded funds. They will begin by rebranding the current DB Commodity Index Tracking Fund (DBC) as PowerShares DB Commodity Index Tracking Fund (DBC). The two companies are working together to take advantage of Deutsche Bank’s leadership in global currency and commodity product structuring and the ETF marketing expertise of PowerShares. They plan to develop new ETFs that track currency and commodity indexes under a joint brand.
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