Three ELEMENTS ETN products linked to Benjamin Graham are being liquidated, Seeking Alpha reports. The ETNs, issued by Deutsche Bank, have been called off for redemption effective August 26. The abrupt announcement, though expected, does not affect ELEMENTS ETNs from other issuers. The three schemes, ELEMENTS Benjamin Graham Total Market Value Index-Total Return ETN, the ELEMENTS Benjamin Graham Large Cap Value Index-Total Return ETN and the ELEMENTS Benjamin Graham Small Cap Value Index-Total Return ETN, had total combined assets of about $5.5 million at the end of last month.
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