Deutsche Bank and Invesco PowerShares Capital Management announced the launch of eight exchange-traded notes (ETNs) linked to the performance of industrial metals and crude oil.
The four metal focused ETNs are linked to the Deutsche Bank Liquid Commodity Index – Optimum Yield Industrial Metals. The industrial-metals index is intended to reflect the price changes in a basket of aluminum, copper and zinc futures.
The ETNs are traded on the NYSE Arca under the following symbols: o PowerShares DB Base Metals Double Short ETN (BOM) o PowerShares DB Base Metals Double Long ETN (BDD) o PowerShares DB Base Metals Short ETN (BOS) o PowerShares DB Base Metals Long ETN (BDG)
The leveraged short-performing note will offer two times the monthly inverse performance of their benchmark, plus a monthly T-Bill index return. The leveraged long-performing note will offer two times the monthly performance of their benchmark, plus a monthly T-Bill index return.
The unleveraged notes will offer exposure to their benchmark, plus a monthly T-Bill index return.
