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)
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.