DB Gold Short ETN due February 15, 2038 (DGZ)

The DB Gold -1X ETN Powershares (DGZ) is an exchange-traded note issued by Invesco that tracks the inverse performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return. DGZ is designed to provide investors with a way to profit from a decline in the price of gold bullion, as it seeks to provide the daily inverse return of the index, meaning that if the index goes down by 1%, DGZ should go up by 1%.

DGZ is suitable for investors who believe that gold prices are going to decline and want to profit from that belief. It is important to note that DGZ is designed to provide inverse returns on a daily basis, so it is not intended as a long-term holding. Investors who wish to maintain a position over a longer period may experience significant tracking error, which is the difference between the return of the ETN and the index it is designed to track, due to factors such as fees and expenses.