for ETFs lovers; is below news true or just a hoax? <Deutsche Bank to Close a Popular Oil Fund
'Double Long' ETN Is Victim of Scrutiny >link: http://online.wsj.com/article/SB125183656912577199.html
Deutsche Bank AG is closing a popular exchange-traded oil product amid a clampdown by regulators on holdings of leveraged funds.
will this implicates that the ETFs may lead to very high risk when closing it by the issuer;
-samqyang(Kingkong);
2009-9-1{289}(#103286@43)
question and point is: if the story is true; will this trigger sell off of the ETFs, and may in turn post a great risk to the stability of the market;you can see that DXO down 7.53% after hour whereas the USO and OIL both are up a bit;
indicates looks like DXO no more follow the Crude Oil future anymore, this will post huge risk to people who believes that it still follow the curde price
DXO is OIL 2X ETF fund;
and USO, OIL all are 1X OIL long fund;
-samqyang(Kingkong);
2009-9-1{312}(#103289@43)
High alert; if above is true; then <DXO> will drift away and break the tie with Crude price ; e.g. price may go up and down sharply; double think when you want to hold some of the ETFs in the market
-samqyang(Kingkong);
2009-9-1(#103294@43)