Name of ETF: PowerShares DB Oil Fund
Benchmark Index: DBIQ Optimum Yield Crude Oil Index Excess Return
Ticker Symbol: DBO
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the daily price of crude oil futures.
ETN Highlights:
- The index this fund is based upon is designed to reflect the potential returns (unleveraged) of future contracts on light sweet crude oil.
- Investors looking to invest in commodities without opening a futures account can use commodity ETFs/ETNs as an alternative investment vehicle.
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