Deutsch Bank and Invesco launch leveraged dollar-index ETNs

                                   

Deutsche Bank and Invesco PowerShares introduced the first exchange-traded notes with 300% leveraged long and short exposure to a U.S. dollar futures index. The underlying benchmark tracks the value of the U.S. dollar against six other major world currencies. The ETNs are the PowerShares DB 3x Long US Dollar Index Futures ETN and the PowerShares DB 3x Short US Dollar Index Futures ETN. They have 95% expense ratios and trade on NYSE Arca. Full story here