Deutsche Bank will expand the number of commodities underlying two of its ETFs, to satisfy position limits imposed by the Commodity Futures Trading Commission.
The PowerShares DB Commodity Index Tracking fund and the PowerShares DB Agriculture fund will track a larger basket of commodities to diversify the funds' exposures. This will consequently reduce the funds' holdings in Chicago corn and wheat, in order to satisfy position limits imposed by the CFTC on these two commodities. The Commodity fund, which tracks six commodities, will now also include Brent crude, copper, natural gas, RBOB gasoline, silver, soybeans, sugar and zinc. The Agriculture fund, which tracks four commodities, will now also track cocoa, coffee, cotton, feeder cattl...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes