PowerShares DB Crude Oil fka DTO

[JohnCM]

DB Crude Oil Double Short ETN

DB Crude Oil Double Short ETN is an exchange traded note launched by Deutsche Bank AG (London). The note seeks to track twice the inverse of the monthly performance of the Deutsche Bank Liquid Commodity Index - Light Crude with the returns on the DB 3-Month T-Bill Index. The index represents the commodity markets. It seeks to track the short positions and comprises of derivatives such as futures contracts on crude oil. The ETN will mature on June 1, 2038. It was formerly known as PowerShares DB Crude Oil Double Short ETN. DB Crude Oil Double Short ETN was formed on June 16, 2008 and is domiciled in Germany.

The investment seeks to track the price and yield performance, before fees and expenses, 200% of the inverse daily performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Oil Excess Return. The fund allows investors to take a short view on the performance of the index. The index is a rules-based index composed of futures contracts on light sweet crude oil (WTI) and is intended to reflect the performance of crude oil.
Benchmark: DB Liquid Commodity-Light Crude TR USD