Tuesday, May 24, 2011 8:54:05 AM
Deutsche Bank AG (DB, DBK.XE) on Tuesday plans to reveal the
launch of two new exchange-traded notes, or ETNs, that
provide additional bearish and bullish bets on the
U.S. Dollar Index, a key gauge of the dollar's value
against other major currencies that is
closely tracked by market participants.
Demand from money managers for more liquidity
when trading the dollar was a key reason for
creating these products, the bank said.
The new ETNs--the 3x Long US Dollar Index Futures
(UUPT) and 3x Short US Dollar Index Futures (UDNT)
--are an extension of Deutsche Bank's widely traded US Dollar
Bullish (UUP) and Bearish (UDN) exchange-traded
funds, or ETFs.
The new ETNs are designed to provide leveraged
exposure via bets that the dollar index will
either rise (triple long: UUPT) or fall (triple short: UDNT).
ETNs are closely related to ETFs, which are
more widely recognized as indexes that trade
like stocks. Exchange-traded notes help investors
bet on exotic investment themes such as currencies,
interest rates and other volatile sectors.
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM