Bringing you live news and features since 2006 

Deutsche Bank to suspend new issuances of 21 ETNs


Deutsche Bank is to suspend any further issuances of a raft of 21 exchange traded notes (ETNs) from 1 January, 2016.

The ETNs affected are:
DB Base Metals Double Long ETN (BDD)
DB Base Metals Double Short ETN (BOM)
DB Base Metals Long ETN (BDG)
DB Base Metals Short ETN (BOS)
DB Crude Oil Double Short ETN (DTO)
DB Crude Oil Long ETN (OLO)
DB Crude Oil Short ETN (SZO)
DB Gold Double Long ETN (DGP)
DB Gold Double Short ETN (DZZ)
DB Gold Short ETN (DGZ)
DB German Bund Futures ETN (BUNL)
DB 3x German Bund Futures ETN (BUNT)
DB Japanese Govt Bond Futures ETN (JGBL)
DB 3x Japanese Govt Bond Futures ETN (JGBT)
DB Inverse Japanese Govt Bond Futures ETN (JGBS)
DB 3x Inverse Japanese Govt Bond Futures ETN (JGBD)
DB 3x Long 25+ Year Treasury Bond ETN (LBND)
DB 3x Short 25+ Year Treasury Bond ETN (SBND)
ELEMENTS – “Dogs of the Dow” Linked to the Dow Jones High Yield Select 10 Total Return Index –DOD
ELEMENTS Linked to the Morningstar® Wide Moat FocusSM Total Return Index – WMW
FI Enhanced Global High Yield ETN Linked to the MSCI World High Dividend Yield USD Gross Total Return Index – FIEG
The ETNs are issued by Deutsche Bank AG, London Branch. The ETN holders’ option to require Deutsche Bank AG to repurchase the ETNs will not be affected by this suspension. However, Deutsche Bank AG will not be making additional issuances of these ETNs to the market effective January, 2016.
As disclosed in the related pricing supplement for each ETN, the market value of the ETNs may be influenced by, among other things, the levels of supply and demand for the ETNs. It is possible that the suspension, as described above, may materially influence the market value and the liquidity of the ETNs. The limitations on issuance and sale implemented may cause an imbalance of supply and demand in the secondary market for the ETNs, which may cause the ETNs to trade at a premium or discount in relation to their intraday indicative value.
Investors considering any purchase of the ETNs should be aware of the fact that the trading price of the ETNs on the exchange could be significantly different from their intraday indicative value, which is meant to approximate the intrinsic economic value of the ETNs. Paying a premium purchase price over the intraday indicative value of the ETNs could lead to significant losses.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by