Invesco PowerShares to market 11 additional Deutsche Bank ETNs

By Jennifer Chiou

New York, May 14 - Invesco PowerShares Capital Management LLC announced that through its affiliate, ETInvesco PowerShares, it is expanding its marketing partnership with Deutsche Bank to include 11 additional long and short agriculture, gold and commodity exchange-traded notes.

The ETNs will offer investors short and leveraged exposure to variations of the Deutsche Bank Liquid Commodity index.

As part of the expanded marketing partnership, the names for the DB agriculture, gold and commodity exchange-traded notes will be changed to include PowerShares, consistent with the rest of the PowerShares DB lineup of commodity and currency exchange-traded products, the company said in a news release, noting that the tickers for the ETNs will remain the same.

Invesco said that DB agriculture exchange-traded notes will be known as: PowerShares DB Agriculture Double Short ETN (NYSE Arca: AGA), PowerShares DB Agriculture Double Long ETN (NYSE Arca: DAG), PowerShares DB Agriculture Short ETN (NYSE Arca: ADZ) and PowerShares DB Agriculture Long ETN (NYSE Arca: AGF).

DB gold exchange-traded notes will be known as: PowerShares DB Gold Double Short ETN (NYSE Arca: DZZ), PowerShares DB Gold Double Long ETN (NYSE Arca: DGP) and PowerShares DB Gold Short ETN (NYSE Arca: DGZ).

DB commodity exchange-traded notes will be known as: PowerShares DB Commodity Double Short ETN (NYSE Arca: DEE), PowerShares DB Commodity Double Long ETN (NYSE Arca: DYY), PowerShares DB Commodity Short ETN (NYSE Arca: DDP) and PowerShares DB Commodity Long ETN (NYSE Arca: DPU).

"We are excited to be expanding our successful partnership with Deutsche Bank, and believe that it is important to continue to offer investors innovative ways to access and to hedge their portfolios in these sought-after commodity markets," Bruce Bond, president and chief executive officer of Invesco PowerShares, said in the release.

"We are confident that PowerShares will successfully market our innovative investment products to a broad range of investors," Kevin Rich, managing director in Deutsche Bank's global markets investment products group, added in the release.

Invesco PowerShares is a wholly owned subsidiary of Invesco Ltd., an Atlanta-based independent investment management company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.