Gold ETF For Trend Followers (TBAR) Debuts

Royal Bank of Scotland debuted its third exchange-traded note in the U.S. market today, rolling out a product that shifts exposure between gold bullion and low risk Treasuries depending on the recent performance of the precious metal. The RBS Gold Trendpilot ETN (TBAR) will be linked to an index that invests in gold bullion when the metal’s price closes above the 200-day simple moving average for at least five consecutive sessions. When gold is below that threshold for five consecutive sessions, the index to which TBAR is linked will provide exposure to 3-month Treasury bills. The new exchange-traded note is the third in the RBS suite, and the first to offer exposure to commodities. RBS has recently rolled out funds that follow a similar methodology in the domestic equity space, switching exposure between large cap stocks (TRND) and mid cap stocks (TRNM) depending on position relative to a simple moving [...] Click here to read the original article on ETFdb.com. Related Posts: RBS Launches Mid Cap TrendPilot ETN (TRNM) January ETF Roundup: Launches, Filings, and Closures December ETF Roundup: Launches, Filings, and Closures RBS Launches Trendpilot ETN