Deutsche Asset & Wealth Management is to reduce the redemption unit size on 12 of its commodity-based exchange-traded notes (ETNs).
The redemption unit size will change from 200,000 ETNs to 5,000 ETNs. The change is effective from the close of trading on 7 March 2014.
The following ETNs will be affected:
PowerShares DB Agriculture Double Short ETN
PowerShares DB Agriculture Double Long ETN
PowerShares DB Agriculture Short ETN
PowerShares DB Agriculture Long ETN
PowerShares DB Commodity Double Short ETN
PowerShares DB Commodity Double Long ETN
PowerShares DB Commodity Short ETN
PowerShares DB Commodity Long ETN
PowerShares DB Base Metals Double Short ETN
PowerShares DB Base Metals Double Long ETN
PowerShares DB Base Metals Short ETN
PowerShares DB Base Metals Long ETN
