DB Gold -2X ETN Powershares (DZZ) is an exchange-traded note issued by Invesco. DZZ provides twice the inverse performance of the daily price movements of gold bullion measured in U.S. dollars. This means that if the price of gold falls by 1% on a given day, DZZ would increase in value by 2%, before fees and expenses. The goal of this ETN is to provide investors with a way to profit from declining gold prices. However, it's important to note that DZZ is a leveraged product, which means that losses can also be magnified in the same way as gains. It is also important to understand the risks and potential costs associated with investing in exchange-traded notes, including the possibility of losing some or all of your investment.
DB Gold -2X ETN Powershares (DZZ) is an exchange-traded note issued by Invesco. DZZ provides twice the inverse performance of the daily price movements of gold bullion measured in U.S. dollars. This means that if the price of gold falls by 1% on a given day, DZZ would increase in value by 2%, before fees and expenses. The goal of this ETN is to provide investors with a way to profit from declining gold prices. However, it's important to note that DZZ is a leveraged product, which means that losses can also be magnified in the same way as gains. It is also important to understand the risks and potential costs associated with investing in exchange-traded notes, including the possibility of losing some or all of your investment.