Key stats
About Deutsche Bank AG (London Branch)
Home page
Inception date
Jun 16, 2008
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Identifiers
3
ISIN US25154K8586
This ETN was delisted on April 11, 2019, and now trades over-the-counter on the pink sheets. As a result, shareholders should anticipate ultra-wide spreads, minimal trading volumes, and prices well above or below NAVs. BOM provides monthly -2x exposure to an index of futures contracts on three industrial metalsaluminum, copper and zincdeemed to have the least amount of contango by the index provider. The note, like many geared inverse products, is designed to provide this exposure for only for its reset period, in this case, until the next monthly reset. Anyone holding it for longer than this will be subject to the effects of compounding, which can cause the note`s returns to stray (sometimes greatly) from the promised -2x exposure. The index is designed to measure the performance of the chosen futures contracts on the three metals, the returns from rolling those contracts, as well as the cost of borrowing (collateral) as measured by 3-month Treasury bills. Its 75 bp fee is reasonable considering some geared inverse commodities products charge twice that, but trading costs are more important, since the note is designed for day trading. Unfortunately, BOM's assets are thin, which provides very little liquidity for the fund`s shares. It trades very little on most days, and spreads are very wideunattractive for a tactical tool.
Related funds
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.
BOMMF assets under management is 53.25 K 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.
BOMMF 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.
BOMMF is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, BOMMF doesn't pay dividends to its holders.
BOMMF shares are issued by Deutsche Bank AG
BOMMF follows the DBIQ Optimum Yield Industrial Metals (ER). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 16, 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.