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Put the Petal to the Metal ETF

by Sam Collins 09/21/09

PowerShares DB Base Metals Fund (DBB) -- This exchange-traded fund (ETF) is designed to track the Deutsche Bank Liquid Commodity Index -- Optimum Yield Industrial Metals Excess Return (DBBMIX). DBBMIX is intended to reflect the base metals sector, specifically aluminum, zinc and copper.

With commodities and international equities leading the list of outperforming ETFs, investors may want to add DBB to their portfolio. That way they can participate in the further appreciation of these commodities and hedge against further declines in the U.S. dollar.

A break from the resistance at about $19 has a trading target of $22.

As of June 12, ETF Connect reports that the net asset value (NAV) of DBB is $18.29. It pays no stated dividend.

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