Vmbook Online ordering

Powershares Db Precious Metals

PowerShares DB Precious Metals Fund (D Precious Metals) is a publicly traded exchange-traded fund (ETF) listed on the NYSE Arca in the United States. The ETF seeks to replicate the performance of the DBIQ Optimum Yield Precious Metals Index Excess Return, which is a rules-based index composed of futures contracts on gold and silver. D Precious Metals primarily invests in near-term futures contracts on gold and silver, and it may also invest in other futures contracts, forward contracts, and swap contracts. The ETF may also invest a portion of its assets in U.S. Treasury securities that have a remaining maturity of 60 days or less. The investment objective of D Precious Metals is to provide investors with a commodity-oriented investment alternative that offers capital appreciation potential and long-term capital protection. The ETF is managed by Invesco PowerShares Capital Management LLC, and it was launched on October 24, 2007. As of February 2021, D Precious Metals has approximately $3.1 billion in assets under management.