Invesco DB Precious Metals Fund (DBP)
Invesco DB Precious Metals Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $101.75, up 0.93% on the session, giving a market capitalisation of $229.0M. Its beta of 0.37 implies it has historically moved less than the broad market.
The Invesco DB Precious Metals Fund endeavors to replicate the fluctuations, positive or negative, in the DBIQ Optimum Yield Precious Metals Index Excess Return. This performance is augmented by interest income derived primarily from the Fund's holdings of U.S. Treasury securities and money market instruments, after accounting for its operational expenses. It provides investors with a cost-efficient and convenient avenue to gain exposure to commodity futures. The underlying Index is a systematic benchmark composed of futures contracts on two key precious metals: gold and silver. Both the Fund and the Index are rebalanced and reconstituted each November. Due to its highly speculative trading within inherently volatile markets, this Fund carries significant risks and is not suitable for all investors. The substantial price movements characteristic of futures contracts can result in considerable financial losses.
Invesco DB Precious Metals Fund is most often compared with the following Financial Services names: