Deutsche to Redeem Oil ETNs

摘要

Deutsche Bank said it would redeem all of its most bullish oil exchange-traded notes (ETNs), as the US government moves to boost regulation in commodities markets.Deutsche said it would redeem outstanding PowerShares DB Crude Oil Double Long Exchange Traded Notes by Sep. 9.As of Tuesday, the outstanding double-long notes were worth around $425 million.The notes - one of several exchange-traded products allowing investors to bet on moves in crude oil futures - are being redeemed due to a "regulatory event," the bank said in a statement.