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Investment Banking & Investment Services
Financial
ETN
DB Base Metals 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 - Optimum Yield Industrial Metals with the returns on the DB 3-Month T-Bill Index. The index represents the commodity markets. It seeks to track short positions and comprises of derivatives such as future contracts on industrial metals sector which include aluminum, copper and zinc. The ETN will mature on June 1, 2038. It was formerly known as PowerShares DB Base Metals Double Short ETN. DB Base Metals Double Short ETN was formed on June 16, 2008 and is domiciled in the United States.
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