American Stock Exchange Lists Seven New PowerShares Deutsche Bank Commodity Sector Funds
January 05 2007 - 9:30AM
PR Newswire (US)
NEW YORK, Jan. 5 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) announced today that it has launched trading in shares of
seven (7) new Funds of the PowerShares DB Multi-Sector Commodity
Trust. The Funds will offer investors efficient access to various
commodities through the Optimum Yield(TM) versions of the Deutsche
Bank Liquid Commodity Index(TM) sub indexes. The seven (7) new
PowerShares DB Commodity Sector Funds include: PowerShares DB
Energy Fund (DBE) PowerShares DB Oil Fund (DBO) PowerShares DB
Precious Metals Fund (DBP) PowerShares DB Gold Fund (DGL)
PowerShares DB Silver Fund (DBS) PowerShares DB Base Metals Fund
(DBB) PowerShares DB Agriculture Fund (DBA) Optimum Yield(TM) seeks
to minimize the effects of negative roll yield when markets are in
contango and maximize the effects of positive roll yield when
markets are backwardated. The Funds will enter into long
exchange-traded commodity futures positions and will also generate
interest on cash and United States treasury securities held as
collateral for the futures contracts they hold. "The Amex is proud
to partner with Deutsche Bank and PowerShares to bring these
innovative commodity sector funds to the marketplace," said Cliff
Weber, Senior Vice President of the ETF Marketplace. "These
commodity linked investment products accommodate a growing demand
from investors that are seeking alternative asset categories to
complement their investment portfolios." "We are delighted to
partner with the Amex and PowerShares for the launch of seven new
commodity funds and pleased that a wider range of investors can now
access the Deutsche Bank Liquid Commodity indices," said Kevin
Rich, Chief Executive Officer of DB Commodity Services LLC, the
managing owner of the new funds as well as the PowerShares DB
Commodity Index Tracking Fund (DBC) and the PowerShares DB G10
Currency Harvest Fund (DBV). "We are excited to team up with the
Amex and Deutsche Bank again to broaden the PowerShares DB suite of
currency and commodity ETFs," said Bruce bond, Chief Executive
Officer of PowerShares Capital management LLC. "These new funds are
a great extension to the PowerShares family of ETFs, which offers
investors cost-effective and convenient access to intelligent
indexes of asset classes that have been previously difficult to
invest." Susquehanna Investment Group is the specialist for DBE,
DBP, DGL, DBS, DBB, and DBA. LaBranche Structured Products, LLC is
the specialist for DBO. About the American Stock Exchange The
American Stock Exchange (Amex) offers trading across a full range
of equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS. In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 229 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit
http://www.amex.com/. About Deutsche Bank Deutsche Bank (NYSE:DB)
is a leading global investment bank with a strong and profitable
private clients franchise. A leader in Germany and Europe, the bank
is continuously growing in North America, Asia and key emerging
markets. With Euro 1,097 billion in assets and 67,474 employees in
73 countries, Deutsche Bank offers unparalleled financial services
throughout the world. The bank competes to be the leading global
provider of financial solutions for demanding clients creating
exceptional value for its shareholders and people.
http://www.db.com/ About PowerShares Capital Management LLC
PowerShares Capital Management LLC is passionate about its goal of
efficiently delivering the highest quality institutional investment
management services available. PowerShares is Leading the
Intelligent ETF Revolution(R) providing investment advisors with
institutional caliber asset management that seeks to replicate
enhanced indexes in one of the more benefit rich investment
vehicles available in the marketplace today: the exchange-traded
fund. The firm is committed to theoretically sound portfolio
construction and empirically verifiable investment management
approaches. PowerShares' asset management philosophy and investment
discipline are deeply rooted in the application of intuitive factor
analysis and model implementation to enhance investment decisions.
http://www.powershares.com/ DATASOURCE: The American Stock Exchange
CONTACT: Bari Trontz, American Stock Exchange, +1-212-306-8964, Web
site: http://www.amex.com/ http://www.db.com/
http://www.powershares.com/
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