Country-Specific Bond ETNs Debut

PowerShares and Deutsche Bank have teamed up on a new suite of exchange-traded notes offering exposure to debt issued by the governments of Japan, Italy, and Germany, marking the first time U.S. investors have been able to access the debt of a specific country through an exchange-traded product. The new offerings include a plain 1x option and a 3x levered option for each debt market [see Are Bond ETFs Broken?]: 3x German Bund Futures ETN (BUNT): Designed to deliver monthly returns that correspond to 300% of the change in the DB USD Bund Futures Index [see BUNT fact sheet]. German Bund Futures ETN (BUNL): Offers exposure to the U.S. dollar performance of German Euro-Bund futures [see BUNL fact sheet]. 3x Italian Treasury Bond Futures ETN (ITLT): Offers leveraged exposure to the DB USD BTP Futures Index, a benchmark that includes futures linked to intermediate-term debt issued by the Republic of [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts