Deutsche Bank has launched its db exchange-traded commodities platform in Europe, unveiling four ETCs on the Frankfurt stock exchange (Xetra).
The four euro-hedged ETCs track Brent crude oil, industrial metals, monthly short Brent crude oil and monthly short gold, with management fees of 0.45% per annum. The bank will expand the platform to the rest of Europe this year, offering ETCs on gold, silver, platinum and palladium. As commodity products carry US dollar exposure, Deutsche says it is offering euro-hedged products on the platform alongside US dollar-denominated ETCs, for those investors who want access to the asset class without dollar exposure. Deutsche Bank global head of commodities David Silbert says ETCs allow ...
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