Deutsche Bank launches exchange-traded commodity index fund

The DB Commodity Index Tracking Fund (DBC) will list on the Amex stock exchange. In the initial offering this month it will be offered at $25 a share.

The fund's returns will track the performance of the Deutsche Bank Liquid Commodity Index, which includes crude oil, heating oil, gold, aluminium, corn and wheat. The index is calculated based on futures contracts on each commodity.

Deutsche Bank commodity head Mark Ritter said: “DBC is designed for investors seeking portfolio diversification and exposure to global commodity returns, which have one of the lowest correlations to US equities and bonds.”

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