Company Name: PowerShares DB G10 Currency Harvest Fund
Benchmark Index: Deutsche Bank G10 Currency Future Harvest Index — Excess Return
Ticker Symbol: DBV
Strategy: This ETF is designed to track the Deutsche Bank G10 Currency Future Harvest Index — Excess Return. The index seeks to reflect the returns generated using a specific strategy on G10 currencies (3 long contacts on the G10 currencies with the highest interest rates and 3 short contacts on the G10 currencies with the lowest interest rates). At each quarterly evaluation/rebalance, the index will reweight the contracts to be leveraged 2:1 on the long/short contracts, unless one of those contracts in the USD, in which case the index will be leveraged 1.66:1 on the long/short contracts.
Related Links:
List of Currency Specialty ETFs