DB Gold Double Short ETN due February 15, 2038DB Gold Double Short ETN due February 15, 2038DB Gold Double Short ETN due February 15, 2038

DB Gold Double Short ETN due February 15, 2038

No trades
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Key stats


Assets under management (AUM)
‪2.87 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
7.3%

About DB Gold Double Short ETN due February 15, 2038


Issuer
Deutsche Bank AG
Brand
DB
Expense ratio
0.75%
Home page
Inception date
Feb 27, 2008
Index tracked
Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return
Management style
Passive
DZZ is a geared inverse ETN promising -2x the daily return of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DZZ is designed to be used as a tactical tool, not as a buy-and-hold investment. Investors holding the note for longer than a day will be subject to the effects of compounding, which can cause the realized performance to drift greatly from its -2x exposure over longer holding periods. Therefore, traders and investors with longer timelines will need to rebalance their positions to maintain the -2x multiple. Structured as an ETN, DZZ carries the counterparty risk of its issuer.

Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Optimized
Strategy
Optimized commodity
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows