“May you live in interesting times.”
–Ancient Chinese proverb and curse [click to continue…]
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Posts tagged as:
DXO
When they were introduced several years ago, exchange-traded commodity products were hailed as a major breakthrough, offering average investors easy, cost efficient exposure to an asset class that had previously been accessible primarily through futures markets and physical storage of natural resources, both of which are beyond the reach of many investors (see our complete guide to ETFs for Very High Net Worth Individuals here).
How times have changed. [click to continue…]
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Don Dion, who covers ETFs for TheStreet.com and runs Dion Money Management, recently wrote a three part series highlighting the “10 Most Dangerous ETFs”. Dion notes that as the ETF industry continues to expand beyond “plain vanilla” funds, investors are introduced to products that can face significant liquidity issues, be subject to increased regulatory scrutiny, [...]
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Deutsche Bank, one of the largest issuers of commodity ETFs, has announced that it will liquidate its PowerShares DB Crude Oil Double Long Exchange Traded Notes (DXO), noting in a press release that “limitations imposed by the exchange on which Deutsche Bank manages the exposure of the Notes have resulted in a ‘regulatory event’…which has [...]
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Barclays Global Investors announced yesterday that it has temporarily suspended the creation of new shares of the iShares S&P GSCI Commodity-Indexed Trust (GSG). “We’ve taken this temporary step to protect existing investors from being adversely affected by market reaction to proposed new regulations of commodity futures that have created uncertainty,” said Michael Latham, co-CEO of [...]
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