RBS Launches Trendpilot ETN

In the ETF industry, sometimes when it rains, it pours. The last two weeks have seen an unprecedented blitz of new product launches, with several issuers rolling out dozens of first-to-market products. Wednesday saw Rydex beef up its equal-weighted offerings, Direxion debut its first non-leveraged ETF, and the Royal Bank of Scotland dip its toes into the U.S. ETF waters. RBS Securities, a unit of RBS, launched on Wednesday the RBS U.S. Large Cap Trendpilot ETN (TRND), a product that alters its investment strategy depending on recent market trends. The underlying RBS US Large Cap Trendpilot Index employs a systematic trend following technique–a strategy popular with both active traders and money managers with a longer term focus. When the S&P 500 Total Return Index is above its historical 200-day simple moving average for five consecutive trading days, a bullish trend is recorded and the index establishes exposure to equity markets (as [...] Click here to read the original article on ETFdb.com. No related stories.