Deutsche Bank to restructure commodity ETFs

Deutsche Bank has announced that it will restructure its PowerShares commodity-linked exchange traded funds (ETFs) to "satisfy position limits imposed by the Commodity Futures Trading Commission (CFTC)", the bank said in a statement.

The bank will increase the number of commodities tracked by the Commodity Index Tracking Fund and the Agricultural Fund to diversify both ETFs' exposures, reduce the funds' holdings in Chicago corn and wheat, and meet the position limits imposed by the CFTC.

On Sept