Key stats
About DB Gold Double Long ETN due February 15, 2038
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Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
No distributions
DGP is a levered ETN promising twice the daily returns of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DGP is not intended to be held long term, but as a day-trading instrument. Its 2x exposure is not promised over periods longer than one day, as the effects of compounding can cause returns to drift from the headline 2x exposure. Structured as an ETN, DGP carries the counterparty risk of its issuer.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.