Top 5 High Tech Companies To Watch For 2015: PowerShares DB US Dollar Index Bullish Fund (UUP)
PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund's subsidiary is DB US Dollar Index Bullish Master Fund (the Master Fund), a separate series of DB US Dollar Index Bullish Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.
The Master Fund invests in futures contracts (the DX Contracts) with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank US Dollar Index (USDX) Futures Index - Excess Return (Long Index) (referred to as the Long Index or the Index), over time. The Fund earns interest income from the United States Treasury obligations and other high credit quality short-term, fixed-income securities. The Index is calculated to reflect the changes in market value over time, whether positive or negative, of long positions in DX Contracts. DX Contracts are traded through the currency markets of ICE Futures U.S. under the symbol DX. The changes in market value over time, whether positive or negative, of the DX Contracts are related to the changes, whether positive or negative, in the level of the U.S. Dollar Index (the USDX). The Index provides a general indication of the international value of the United States dollar relative to the six major world currencies (the Index Currencies), which comprise the USDX, including Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
The Fund, through its Master Fund, establishes long positions in DX Contracts with a view to trackin! g the changes, whether positive or negative, in the level of the Index. The performance of the Fund also is intended to reflect the excess, if any, of its Master Fund's interest income from its hol! dings of the United States Treasury obligations and other high credit quality short-term, fixed-income securities over the expenses of the Fund and the Master Fund. DB Commodity Services LLC serves as the managing owner, commodity pool operator and commodity trading advisor of the Fund and the Master Fund. DB Commodity Services LLC is an indirect wholly owned subsidiary of Deutsche Bank AG. The Bank of New York Mellon serves as the administrator of the Fund and the Master Fund.
Advisors' Opinion:- [By Luke Jacobi]
The U.S. dollar recovered Thursday’s losses to once again make a new 2014 high. The PowerShares ETF (NYSE: UUP), which tracks the value of the greenback versus a basket of foreign currencies, gained 0.5 percent to $22.55.
- [By Luke Jacobi]
After a strong week, the U.S. dollar gave up some ground Friday. The PowerShares DB U.S. Dollar Index Bullish ETF (NYSE: UUP), which tracks the performance of the greenback versus a basket of foreign currencies, dropped 0.1 percent to $22.43. The 52-week high is $22.49.
- [By Luke Jacobi]
The US Dollar gave up some ground after making a 2014 high Tuesday, according to the PowerShares ETF (NYSE: UUP). The ETF gave up 0.1 percent on the session to close at $22.07.
- [By Luke Jacobi]
The Powershares ETF (NYSE: UUP) which tracks the value of the US dollar versus a basket of foreign currencies, rose a twentieth of a percent to close out a strong week. The ETF was last trading at $21.62, a 0.65 percent weekly gain.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-high-tech-companies-to-watch-for-2015-2.html
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