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About DB Gold Double Long Exchange Traded Notes
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Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
ISIN
US25154H7492
DGP is a levered ETN promising twice the daily returns of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DGP is not intended to be held long term, but as a day-trading instrument. Its 2x exposure is not promised over periods longer than one day, as the effects of compounding can cause returns to drift from the headline 2x exposure. Structured as an ETN, DGP carries the counterparty risk of its issuer.
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Classification
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DGP assets under management is 246.67 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DGP expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, DGP is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, DGP doesn't pay dividends to its holders.
DGP shares are issued by Deutsche Bank AG
DGP follows the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 27, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.