I love ETFs
http://www.marketwatch.com/news/story/etf-focus-new-deutsche-bank/story.aspx?guid=%7B74B66BFC%2D9A33%2D4AAA%2DB312%2DDE02DDA71842%7D&dist=hplatest
New ETNs aim to double, short gold prices
First products to leverage commodities; active ETFs move a step closer
By <a href="http://www.marketwatch.com/news/mailto.asp?x=106+115+112+101+110+99+101&y=John+Spence&z=marketwatch.com&guid=%7B74b66bfc-9a33-4aaa-b312-de02dda71842%7D&siteid=mktw">John Spence</a>, MarketWatch
Last update: 11:20 a.m. EST Feb. 28, 2008
<strong>BOSTON (MarketWatch) -- A trio of exchange-traded notes listed Thursday are designed to provide leveraged and short exposure to gold-futures prices, but their approach should end up making a notoriously volatile market even more risky for individual investors.</strong>
Meanwhile, actively managed exchange-traded funds this week moved yet another step closer to reality.
Deutsche Bank( <img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DB">DB</a> 115.28, -1.01, -0.9%) , which already manages several ETNs, listed the new gold offerings on the NYSE Arca. They are DB Gold Double Short ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dzz">DZZ</a>: <a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DZZ">DZZ</a> 24.34, -0.65, -2.6%) , DB Gold Double Long ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dgp">DGP</a>:
deutsche bk ag ldn brh dbl long<iframe width="220" scrolling="no" height="32" frameborder="0" src="http://ad.doubleclick.net/adi/marketwatch.com/livequotes;ord=6023732;sz=220x32;symb=DGP" name="framename" border="0" marginwidth="0" marginheight="0" allowtransparency="true"></iframe>
<img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DGP">DGP</a> 25.70, +0.45, +1.8%) and DB Gold Short ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dgz">DGZ</a>:
DGZ
Sponsored by:
<img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DGL">DGL</a>, , ) . The most popular of these, StreetTracks Gold Shares, has gained about 45% over the past year and now holds more gold than many sovereign nations. <a class="lk001" href="http://www.marketwatch.com/News/Story/surging-gold-etf-holds-more/story.aspx?guid=%7B378D71CA%2DFDCF%2D46F9%2D969B%2DD94847B8BBCA%7D">See related story.</a>
Gold ETFs can be sold short or purchased on margin, but the new Deutsche Bank ETNs are designed to give leveraged or inverse exposure to the metal automatically.
Rich said the new gold ETNs make available to individuals strategies that were previously only accessible to large, sophisticated investors. The new products remove the work of setting up a margin account or locating a borrower for short selling.
http://www.marketwatch.com/news/story/etf-focus-new-deutsche-bank/story.aspx?guid=%7B74B66BFC%2D9A33%2D4AAA%2DB312%2DDE02DDA71842%7D&dist=hplatest
New ETNs aim to double, short gold prices
First products to leverage commodities; active ETFs move a step closer
By <a href="http://www.marketwatch.com/news/mailto.asp?x=106+115+112+101+110+99+101&y=John+Spence&z=marketwatch.com&guid=%7B74b66bfc-9a33-4aaa-b312-de02dda71842%7D&siteid=mktw">John Spence</a>, MarketWatch
Last update: 11:20 a.m. EST Feb. 28, 2008
<strong>BOSTON (MarketWatch) -- A trio of exchange-traded notes listed Thursday are designed to provide leveraged and short exposure to gold-futures prices, but their approach should end up making a notoriously volatile market even more risky for individual investors.</strong>
Meanwhile, actively managed exchange-traded funds this week moved yet another step closer to reality.
Deutsche Bank( <img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DB">DB</a> 115.28, -1.01, -0.9%) , which already manages several ETNs, listed the new gold offerings on the NYSE Arca. They are DB Gold Double Short ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dzz">DZZ</a>: <a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DZZ">DZZ</a> 24.34, -0.65, -2.6%) , DB Gold Double Long ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dgp">DGP</a>:
deutsche bk ag ldn brh dbl long<iframe width="220" scrolling="no" height="32" frameborder="0" src="http://ad.doubleclick.net/adi/marketwatch.com/livequotes;ord=6023732;sz=220x32;symb=DGP" name="framename" border="0" marginwidth="0" marginheight="0" allowtransparency="true"></iframe>
<img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DGP">DGP</a> 25.70, +0.45, +1.8%) and DB Gold Short ETN (<a class="lk001" href="http://www.marketwatch.com/quotes//dgz">DGZ</a>:
DGZ
Sponsored by:
<img width="1" height="1" border="0" alt="" class="pixelTracking" /><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DGL">DGL</a>, , ) . The most popular of these, StreetTracks Gold Shares, has gained about 45% over the past year and now holds more gold than many sovereign nations. <a class="lk001" href="http://www.marketwatch.com/News/Story/surging-gold-etf-holds-more/story.aspx?guid=%7B378D71CA%2DFDCF%2D46F9%2D969B%2DD94847B8BBCA%7D">See related story.</a>
Gold ETFs can be sold short or purchased on margin, but the new Deutsche Bank ETNs are designed to give leveraged or inverse exposure to the metal automatically.
Rich said the new gold ETNs make available to individuals strategies that were previously only accessible to large, sophisticated investors. The new products remove the work of setting up a margin account or locating a borrower for short selling.
