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U.S.-Listed ETF listed on a U.S. stock exchange



The ETF: PowerShares DB 3x Short US Dollar Index Futures ETN (UDNT)

 

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PowerShares DB 3x Short US Dollar Index Futures ETN
The PowerShares DB 3x Short US Dollar Index Futures Exchange Traded Notes provides investors with leveraged exposure to a U.S. dollar futures index. The ETN is based on the Deutsche Bank Short U.S. Dollar Index (USDX) Futures Index - Excess Return, which is intended to measure the performance of a short investment in US Dollar Index Futures. The USDX measures the performance of the U.S. dollar against a weighted basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The ETN aims to achieve 3 times the inverse of the return of the index.

Investment type: ETN (Exchange-Traded Note); listed on the U.S. NYSE exchange

(Note that ETNs, unlike ETFs, are subject to risk if the issuing bank has its credit rating lowered or enters bankruptcy.)

Ticker symbol: UDNT

Fund manager: Invesco PowerShares ETNs

Fund information from Invesco PowerShares ETNs: PowerShares DB 3x Short US Dollar Index Futures ETN

Fund launched:


This is the opposite/inverse investment product to the PowerShares DB 3x Long US Dollar Index Futures ETN (UUPT).



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