Products January 6, 2007

Deutsche Bank, PowerShares Launch 7 New ETFs

Deutsche Bank and PowerShares Capital Management LLC have announced that seven PowerShares DB Commodity Sector exchange-traded funds have been listed on the American Stock Exchange.
Reported by
The funds will offer investors access to commodities through the Optimum Yield versions of the Deutsche Bank Liquid Commodity Index sub-indexes, according to a press release.
Optimum Yield seeks to minimize the effects of negative roll yield when markets are in contango (that is, when the next-to-expire contract is trading at a lower price than contracts expiring in later months) and maximize the effects of positive roll yield when markets are backwardated (that is, when the next-to-expire contract is trading at a higher price than contracts expiring in later months).
The funds will enter into long exchange-traded commodity futures positions and will also generate interest on cash and United States treasury securities held as collateral for the futures contracts they hold.
The funds and their tickers are:
  • PowerShares DB Agriculture Fund (AMEX: DBA)
  • PowerShares DB Base Metals Fund (AMEX: DBB)
  • PowerShares DB Energy Fund (AMEX: DBE)
  • PowerShares DB Oil Fund (AMEX: DBO)
  • PowerShares DB Precious Metals Fund (AMEX: DBP)
  • PowerShares DB Silver Fund (AMEX: DBS)
  • PowerShares DB Gold Fund (AMEX: DGL)
More information on the funds is available at www.dbfunds.db.com
The Markets January 5, 2007

ThomasLloyd Group Launches Asset Management Group

ThomasLloyd Holdings plc has announced that the combined asset management divisions of US-based Illington Fund Management LLC and European-based DKM Asset Management AG are now operating as ThomasLloyd Global Asset Management.
Reported by

ThomasLloyd Global Asset Management is a division of the ThomasLloyd Group, a global investment exchange. The asset management team is located in New York as well as Zurich, Switzerland.

According to a press release, ThomasLloyd plans to expand its mutual fund family – ThomasLloyd Funds – by launching proprietary investments and acquiring existing funds.Charles M. White will be chief strategist for ThomasLloyd Global Asset Management and Hugh Johnson will be chief strategist for the ThomasLloyd Funds and ThomasLloyd Global Asset Management (Americas).

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The Illington OPTI-flex Fund has become the ThomasLloyd OPTI-flex Fund (OPTIX), and portfolio manager Jeff Unterreiner continues to manage the fund.

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