This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A Metals ETF Finds It Tough Going

Deutsche Bank (DB - Get Report) doesn't seem to be having much luck with its stable of clever metals exchange-traded funds.

Just look at the bank's gold product, the PowerShares DB Gold (DGL). In the months since its January launch, investors have given the fund a cavernous yawn. Accumulated assets totaled a paltry $26.3 million by the end of March -- about where it started -- and average daily volume currently runs at an anemic 22,000 shares.

In fact, it has made so little impact as a gold investment that Jeff Christian, guru of all things gold and managing director at New York-based specialty consulting firm CPM Group, said he'd never even heard of the DB Gold ETF and couldn't comment further on it.

It's not as if gold investing is out of fashion. The granddaddy of gold ETFs, streetTracks Gold Shares (GLD), picked up an additional 31 tons of gold during the first quarter, worth almost $700 million at today's prices. It brings the fund's recent total holdings to roughly 500 tons, or almost $11 billion.

The question is: Why is the DB Gold ETF faring so poorly? It could be that the fund's designers at Deutsche Bank Commodity Services were too clever.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DB $31.34 3.90%
DBV $23.52 0.09%
DBS $25.00 -0.21%
DBP $36.04 -0.14%
GLD $112.21 -0.14%

Markets

DOW 17,749.56 +130.05 0.74%
S&P 500 2,076.79 +13.68 0.66%
NASDAQ 5,021.0170 +34.15 0.68%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs