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Deutsche Launches First German Electricity ETC

Written by Staff

November 08, 2011 13:35 (CET)

Deutsche Bank’s ETC arm, db ETC, yesterday launched the first ETC to track German electricity prices on the German Stock Exchange’s Xetra platform.

The db Strom ETC, which has the db German Electricity EUR Index as its underlying reference index, allows investors access to electricity prices via electricity futures contracts that are held on a calendar year basis.

The fund carries a management fee of 0.45 percent, together with a collateral fee of 0.10 percent. In keeping with other db ETC funds, it is fully backed by physically deposited gold bars.

The electricity fund was one of 12 ETCs launched by the issuer this week. Also among these was the db Commodity Risk Balanced Euro Hedged ETC, which mirrors the performance of a commodities basket made up of the agriculture, energy, industrial metals and precious metals sectors. The rest of the new funds were short or leveraged ETCs giving investors access to gold, silver, WTI crude oil, Brent crude oil and natural gas.

The German bank launched its ETC range in March last year.




Europe Blog

Friday, November 25, 2011 16:20 (CET)

Posted By Paul Amery

Paul Amery

As bank risk rises worldwide, collateralised finance structures deserve close attention



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