US commodity ETFs blow hot and cold
On September 1, Deutsche Bank announced it was liquidating its PowerShares DB Crude Oil Double Long Exchange Traded Notes (DXO) due to regulatory issues with the New York Stock Exchange (NYSE.) This move followed a similar one by Barclays Capital who stopped issuing new shares in its iPath Dow Jones-AIG Natural Gas ETN (GAZ) in August.
“The DXO became too big for Deutsche Bank to manage and we have also seen this with Barclays Capital and the Barcap GAZ ETF,” says Olivier Jakob managing director
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