December 15th, 2015

PowerShares, Deutsche Team Up On Leveraged Dollar ETNs

By: ETFdb
PowerShares and Deutsche Bank have rolled out two exchange-traded notes that give investors additional options for expressing their outlook on the performance of the U.S. dollar against its major developed market rivals. The two new ETNs are linked to an index that consists of U.S. Dollar Index Futures, which reflect the performance of the greenback against a basket consisting of the euro, yen, pound, franc, Canadian dollar, and Swedish krona. The two new ETNs are: 3x Long U.S. Dollar Index Futures ETN (UUPT): This note will deliver monthly results that correspond to 300% of the change in the futures-based index. UUPT charges an expense ratio of 0.95% [see UUPT fact sheet]. 3x Short U.S. Dollar Index Futures ETN (UDNT): This note will deliver monthly results that correspond to -300% of the change in the futures-based index. UDNT also charges 95 basis points annually [see UDNT fact sheet]. PowerShares already offers [...] Click here to read the original article on ETFdb.com. Related Posts: Time For A Leveraged Euro ETF? Euro ETFs Under Fire Checking In On Six ETFs Touched By Chaos In Greece Six ETFs To Watch As Greek Drama Unfolds ETFdb Analyst Michael Johnston Discusses USD on BNN
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