Exchange Traded Fund (ETF) providers are banking on demand for commodity ETFs increasing in the coming year. With global economies booming, we’ve already seen an increased need for oil and gas. Metals demand, especially in emerging markets, have helped to push the prices of gold, silver and copper higher.
The new commodity ETFs launched by Deutsche Bank and PowerShares will begin trading on the American Stock Exchange Friday, January 5, 2007. The seven new ETFs will enter into long commodity futures positions and will generate interest on cash and U.S. Treasuries.
Look for these new ETFs tomorrow:
- PowerShares DB Agriculture Fund (DBA)
- PowerShares DB Base Metals Fund (DBB)
- PowerShares DB Energy Fund (DBE)
- PowerShares DB Oil Fund (DBO)
- PowerShares DB Precious Metals Fund (DBP)
- PowerShares DB Silver Fund (DBS)
- PowerShares DB Gold Fund (DGL)
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.