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DBA Invesco DB Agriculture Fund

23.50
-0.36 (-1.51%)
17 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Invesco DB Agriculture Fund AMEX:DBA AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.36 -1.51% 23.50 23.745 23.455 23.68 614,584 01:00:00

American Stock Exchange Lists Seven New PowerShares Deutsche Bank Commodity Sector Funds

05/01/2007 2:30pm

PR Newswire (US)


Invesco DB Agriculture (AMEX:DBA)
Historical Stock Chart


From May 2019 to May 2024

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NEW YORK, Jan. 5 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in shares of seven (7) new Funds of the PowerShares DB Multi-Sector Commodity Trust. The Funds will offer investors efficient access to various commodities through the Optimum Yield(TM) versions of the Deutsche Bank Liquid Commodity Index(TM) sub indexes. The seven (7) new PowerShares DB Commodity Sector Funds include: PowerShares DB Energy Fund (DBE) PowerShares DB Oil Fund (DBO) PowerShares DB Precious Metals Fund (DBP) PowerShares DB Gold Fund (DGL) PowerShares DB Silver Fund (DBS) PowerShares DB Base Metals Fund (DBB) PowerShares DB Agriculture Fund (DBA) Optimum Yield(TM) seeks to minimize the effects of negative roll yield when markets are in contango and maximize the effects of positive roll yield when markets are backwardated. 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 Amex is proud to partner with Deutsche Bank and PowerShares to bring these innovative commodity sector funds to the marketplace," said Cliff Weber, Senior Vice President of the ETF Marketplace. "These commodity linked investment products accommodate a growing demand from investors that are seeking alternative asset categories to complement their investment portfolios." "We are delighted to partner with the Amex and PowerShares for the launch of seven new commodity funds and pleased that a wider range of investors can now access the Deutsche Bank Liquid Commodity indices," said Kevin Rich, Chief Executive Officer of DB Commodity Services LLC, the managing owner of the new funds as well as the PowerShares DB Commodity Index Tracking Fund (DBC) and the PowerShares DB G10 Currency Harvest Fund (DBV). "We are excited to team up with the Amex and Deutsche Bank again to broaden the PowerShares DB suite of currency and commodity ETFs," said Bruce bond, Chief Executive Officer of PowerShares Capital management LLC. "These new funds are a great extension to the PowerShares family of ETFs, which offers investors cost-effective and convenient access to intelligent indexes of asset classes that have been previously difficult to invest." Susquehanna Investment Group is the specialist for DBE, DBP, DGL, DBS, DBB, and DBA. LaBranche Structured Products, LLC is the specialist for DBO. About the American Stock Exchange The American Stock Exchange (Amex) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 229 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. About Deutsche Bank Deutsche Bank (NYSE:DB) is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. http://www.db.com/ About PowerShares Capital Management LLC PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution(R) providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today: the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions. http://www.powershares.com/ DATASOURCE: The American Stock Exchange CONTACT: Bari Trontz, American Stock Exchange, +1-212-306-8964, Web site: http://www.amex.com/ http://www.db.com/ http://www.powershares.com/

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