Deutsche expands holdings of commodity ETFs

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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...

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