MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 2, 2009 Deutsche Bank Plans to Shutter an Oil ETN Deutsche Bank will soon close a popular exchange-traded note amid heightened regulatory scrutiny of exchange-traded products that make use of leverage to invest in commodities, the Wall Street Journal reported. The bank plans to redeem all shares of the $425 million PowerShares DB Crude Oil Double Long exchange traded note on September 9, pointing to "limitations imposed" by the New York Mercantile Exchange. The ETN was launched in June 2008. Printed from: MFWire.com/story.asp?s=22493 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |