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Deutsche Bank issues four exchange-traded notes linked to commodity index

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Deutsche Bank has announced the launch on NYSE Arca of four exchange-traded notes linked to the Deutsche Bank Liquid Commodity Index and Deutsche Bank Liquid Commodity Index – Optimum Yiel

Deutsche Bank has announced the launch on NYSE Arca of four exchange-traded notes linked to the Deutsche Bank Liquid Commodity Index and Deutsche Bank Liquid Commodity Index – Optimum Yield, the DB Commodity Double Short ETN, DB Commodity Double Long ETN, DB Commodity Short ETN and DB Commodity Long ETN.

Deutsche says the new ETNs are the first to offer investors cost-effective and convenient long, short and leveraged exposure to a broad-based commodity index. The short ETNs offer one or two times short exposure to the performance of the Liquid Commodity Index plus a monthly Treasury bill index return, while the long ETNs offer exposure to one or two times the performance of the Optimum Yield version of the commodity index, plus the T-bill index return.

‘We are thrilled with the ongoing success of our commodity-linked investment products and pleased to offer investors convenient access to leveraged long and short commodity strategies,’ says Kevin Rich, a managing director in Deutsche Bank’s global markets investment products group.

In February, Deutsche issued three gold ETNs linked to the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold, and earlier this month it added four ETNs tracking the short and leveraged performance of the Liquid Commodity Index – Optimum Yield Agriculture, which aims to reflect the price changes in a basket of corn, soybeans, sugar and wheat futures.

All Deutsche’s ETNs are traded on NYSE Arca, whose 251 primary exchange-traded fund and 51 ETN listings account for 56 per cent of assets under management in such products in the US, a total of nearly USD609bn. Last year the market added 122 new ETFs and ETNs to its roster of primary listings, including 101 IPOs.

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