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. OLO serves up optimized exposure to WTI oil futures in an ETN wrapper, but weak investor interest undermines its appeal. All oil ETPs get exposure to oil prices with futures, and the shape of the futures curve can severely impact returns. Some fundsand our benchmarkroll expiring contracts into the next month, and take their lumps with respect to contango and backwardation. OLO's index looks out over the next 13 months and picks the contract with the best roll yield. This process has helped OLO beat our benchmark over the past 3 years, however it has not fared as well this last year. As an ETN, OLO comes with counterparty risk but avoid K-1s. Investors have largely avoided OLOit suffers from low AUM and poor liquidity, raising closure concerns.