SPDR S&P 500 (SPY): Deutsche bank just came out with the 2x...

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Re: CaribbeanJim post# 46425

Tuesday, 04/08/2008 10:32:18 AM

Tuesday, April 08, 2008 10:32:18 AM

Deutsche bank just came out with the 2x ETNs. DZZ for 2x ultra short gold and DGP 2x Ultra long Gold. Although I think I need to do more research. I'm not sure what an ETN is. Is that similiar to an ETF?

http://biz.yahoo.com/bw/080228/20080228005504.html?.v=2

“We are thrilled to issue three ETNs which will allow investors a simple way to take a leveraged or short view on the price of gold,” said Kevin Rich, Managing Director in Deutsche Bank’s Global Markets Investment Products group. “We are committed to creating innovative commodity investment products for all investors.

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