SOURCE: PowerShares Capital Management

January 04, 2007 10:42 ET

Seven PowerShares DB Commodity Sector Funds Set to Launch

NEW YORK, NY and CHICAGO, IL -- (MARKET WIRE) -- January 4, 2007 -- Deutsche Bank and PowerShares Capital Management LLC announced today that seven PowerShares DB Commodity Sector exchange-traded funds will list on the American Stock Exchange on Friday, January 5, 2007. The funds will offer investors intelligent access to commodities through the Optimum Yield™ versions of the Deutsche Bank Liquid Commodity Index™ sub indexes. Optimum Yield™ seeks to minimize the effects of negative roll yield when markets are in contango (that is, when the next-to-expire contract is trading at a lower price than contracts expiring in later months) and maximize the effects of positive roll yield when markets are backwardated (that is, when the next-to-expire contract is trading at a higher price than contracts expiring in later months). The funds will enter into long exchange-traded commodity futures positions and will also generate interest on cash and United States treasury securities held as collateral for the futures contracts they hold.

The following is a list of the funds and their tickers; please visit to access further information on each fund.

PowerShares DB Agriculture Fund (AMEX: DBA)

PowerShares DB Base Metals Fund (AMEX: DBB)

PowerShares DB Energy Fund (AMEX: DBE)

PowerShares DB Oil Fund (AMEX: DBO)

PowerShares DB Precious Metals Fund (AMEX: DBP)

PowerShares DB Silver Fund (AMEX: DBS)

PowerShares DB Gold Fund (AMEX: DGL)

"The launch of seven new commodity funds marks a significant milestone in the evolution of commodities as an accessible asset class for a wider range of investors," said Kevin Rich, Chief Executive Officer of DB Commodity Services LLC, the managing owner of the new funds as well as AMEX: DBC and AMEX: DBV. "These sector funds offer an intelligent and effective investment tool for investors who are allocating to commodities for diversification, using commodities to hedge or taking a view on the direction of commodities and we are pleased to bring them to investors."

"PowerShares has been Leading the Intelligent ETF Revolution by providing investors institutional caliber products through the replication of enhanced indexes," said Bruce Bond, Chief Executive Officer of PowerShares Capital Management LLC. "The PowerShares DB suite of currency and commodity funds extends this concept by giving investors cost-effective and convenient access to intelligent indexes on asset classes that previously have been difficult to invest in." Ordinary brokerage commissions apply to purchases and sales of the shares.

This effort further extends the relationship between Deutsche Bank and PowerShares, offering Deutsche Bank's leadership in global currency and commodity product structuring with the exchange-traded fund (ETF) product marketing expertise of PowerShares.

Important Considerations

Commodities and currencies generally are volatile and may not be suitable for all investors. Each of the funds described in the press release is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in one of the funds. The funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder. Shares in the funds are not FDIC insured, may lose value and have no bank guarantee. Prospectuses for the funds are available at

An investor should consider each fund's investment objectives, risks, charges and expenses carefully before investing. This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. Ordinary brokerage commissions apply.

ALPS Distributors, Inc. is the distributor of the PowerShares DB Agriculture Fund, PowerShares DB Base Metals Fund, PowerShares DB Energy Fund, PowerShares DB Oil Fund, PowerShares DB Precious Metals Fund, PowerShares DB Silver Fund and PowerShares DB Gold Fund.

Certain marketing services may be provided for the Funds by PowerShares Capital Management LLC and its affiliate A I M Distributors, Inc. for prospectuses on any of the funds.

About Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

About PowerShares Capital Management LLC

PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today: the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

Contact Information

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    PowerShares Capital Management

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