DB Base Metals Double Long ETN

DB Base Metals Double Long ETN is an exchange traded note launched by Deutsche Bank AG (London). The note seeks to track twice the monthly performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals. The index represents the commodity markets. It seeks to track long positions and comprises of derivatives such as future contracts on industrial metals sector which includes aluminum, copper, and zinc. The ETN will mature on June 1, 2038. It was formerly known as PowerShares DB Base Metals Double Long ETN. DB Base Metals Double Long ETN was formed on June 16, 2008 and is domiciled in Germany.