Deutsche Bank To Raise Expense Ratios On 7 ETFs
Deutsche Bank (NYSE: DB) said it will raise expense ratios on seven of its PowerShares ETFs to cover increased costs due to regulatory rules and restrictions. Five of the seven ETFs that will see higher expense ratios are commodities-related isssues. The other two are currency ETFs.
The changes will go into effect on January 4. Investors in the following ETFs will see their expense ratios boosted to 0.75% from 0.5%: The PowerShares DB Oil Fund (NYSE: DBO), PowerShares DB Gold Fund (NYSE: DGL), PowerShares DB Silver Fund (NYSE: DBS), PowerShares DB U.S. Dollar Index Bearish (NYSE: UDN) and PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP).
The PowerShares DB Agriculture Fund (NYSE: DBA) and PowerShares DB Commodity Fund (NYSE: DBC) will have their expense ratios hiked to 0.85% from 0.75%.
