American Stock Exchange Lists New PowerShares Deutsche Bank Enhanced Currency Index Fund
18 Septiembre 2006 - 10:33AM
PR Newswire (US)
The First Exchange-Traded Currency Fund Listed on a U.S. Exchange
NEW YORK, Sept. 18 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) announced today that it has launched trading in shares of
PowerShares DB G10 Currency Harvest Fund (Ticker: DBV), the first
fund linked to an enhanced currency index to be listed on a U.S.
stock exchange. "This new product provides investors a convenient
way to diversify their portfolios into an enhanced currency
strategy that historically has had low correlation with equities
and bonds. The Amex is proud to partner with Deutsche Bank and
PowerShares to bring this innovative index fund to the
marketplace," said Cliff Weber, Senior Vice President of the ETF
Marketplace at the Amex. DBV offers investors unprecedented
transparency and access to an enhanced currency strategy. The new
fund tracks the Deutsche Bank G10 Currency Future Harvest Index -
Excess Return(TM) (DBCFHX). The Index, at any time, is comprised of
six of the following G10 currencies: United States Dollars, Euros,
Japanese Yen, Canadian Dollars, Swiss Francs, British Pounds,
Australian Dollars, New Zealand Dollars, Norwegian Krone and
Swedish Krona. The Index reflects the return from investing long in
futures of currencies with relatively high yielding interest rates
and short in futures of currencies with relatively low yielding
interest rates. This approach is designed to benefit from the trend
that on average currencies that trade at a forward discount tend to
perform better than those that trade at a forward premium. Chicago
Mercantile Exchange listed futures based on the G10 currencies vs.
United States Dollars are eligible for inclusion in the Index. "We
are delighted to partner with the Amex to bring DBV to the U.S.
marketplace, providing institutional and retail clients
unprecedented access to the currency markets," said Kevin Rich,
Chief Executive Officer of DB Commodity Services LLC, the managing
owner of DBV. "DBV will offer investors easy access to the returns
of the currency markets by following a highly- developed index
previously available only to very sophisticated investors." DBV's
shares will be listed on the Amex. The specialist for DBV is
Susquehanna International Group, LLP. About The American Stock
Exchange The American Stock Exchange(R) (Amex(R)) is the only
primary exchange that offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 191 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks and ETFs. http://www.amex.com/ About
Deutsche Bank Deutsche Bank (NYSE:DB) is a leading global
investment bank with a strong and profitable private clients
franchise. A leader in Germany and Europe, the bank is continuously
growing in North America, Asia and key emerging markets. With Euro
1,058 billion in assets and 65,435 employees in 73 countries,
Deutsche Bank offers unparalleled financial services throughout the
world. The bank competes to be the leading global provider of
financial solutions for demanding clients creating exceptional
value for its shareholders and people. Deutsche Bank Securities
Inc., member NYSE, NASD and SIPC, is the investment banking and
securities arm of Deutsche Bank AG in the United States.
http://www.db.com/ About PowerShares Capital Management, LLC
PowerShares Capital Management LLC, provides institutional caliber
asset management and market exposure through the replication of
enhanced indexes. PowerShares delivers this sophisticated asset
management in one of the more benefit rich investment vehicles
available today, the exchange-traded fund. The firm is committed to
theoretically sound portfolio construction and empirically
verifiable investment management approaches. PowerShares' asset
management philosophy and investment discipline are deeply rooted
in the application of intuitive factor analysis and model
implementation to enhance investment decisions.
http://www.powershares.com/ DATASOURCE: The American Stock Exchange
CONTACT: Bari Trontz, American Stock Exchange, +1-212-306-8964, Web
site: http://www.amex.com/
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