well on a different note then........................
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American Stock Exchange Lists New Deutsche Bank Liquid Commodity Index-Linked Fund
Friday February 3, 9:36 am ET
The First Exchange-Traded Commodity Index-Linked Fund to be Launched in the U.S.
NEW YORK, Feb. 3 /PRNewswire-FirstCall/ -- The American Stock Exchange® (Amex®) announced today that it has launched trading in shares of DB Commodity Index Tracking Fund (Ticker: DBC), the first ever commodity index- linked fund to be listed on a U.S. stock exchange.
"This groundbreaking new product provides investors a convenient way to diversify their portfolios into an asset class that historically has had low correlation with equities or bonds. The Amex is proud to partner with Deutsche Bank to bring this innovative index fund to the marketplace," said Cliff Weber, Senior Vice President of the ETF Marketplace at the Amex.
DBC offers investors unprecedented transparency and access to a commodity index. The new fund tracks the Deutsche Bank Liquid Commodity Index(TM) - Excess Return (DBLCI), a rules-based index intended to reflect the performance of six liquid commodities: Light Sweet Crude Oil, Heating Oil, Gold, Aluminum, Corn and Wheat. The DBLCI is calculated based on the futures contract prices of the six liquid commodities comprising the index.
These six commodities were selected for the DBLCI because they are among the most liquid in their respective sectors. A basket consisting of these six commodities provides investors with a broad, systematic exposure to commodities performance worldwide.
"We are delighted to partner with the Amex to bring DBC to the U.S. marketplace, providing institutional and retail clients unprecedented access to the commodities market," said Mark Ritter, Global Head of Commodities at Deutsche Bank. "DBC will provide investors systematic exposure to commodities without the complication and difficulty of investing directly in futures contracts or in the physical commodities themselves."
DBC's shares will be listed on the Amex. The specialist for DBC will be Susquehanna International Group, LLP. DBC was offered at $25 per share during the initial offering period and returns are expected to track the performance of the DBLCI. In addition, DBC generates interest income from its holding of cash and short-term fixed income securities.