About Deutsche Bank AG (London Branch)
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. As a levered product, DAG is not a buy-and-hold ETF, it`s a short-term tactical instrument. Unlike most levered funds which reset daily, DAG offers 2x levered exposure over 1-month periods. Over periods that span 1 or more monthly reset dates, returns can vary significantly from its promised 2x exposure. Crucially, the plumbing that keeps DAG trading in line with its indicative value is broken: DAG has been closed for creations since 2011. Consequently, it`s subject to premiums that may persist indefinitely. Management fees are reasonable, but as a short-term product, trading costs are more important here. Access could be expensive: We`ve seen wide spreads and thin volume. Check the latest Tradability data on this page. Use care navigating DAG`s myriad of challenges.