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RBS extends emerging markets ETNs to China
The latest exchange-traded note in the Royal Bank of Scotland's Trendpilot series offers exposure to Chinese companies with a risk overlay
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Royal Bank of Scotland (RBS) has listed an exchange-traded note (ETN) on the New York Stock Exchange's Arca platform that provides volatility-controlled exposure to Chinese companies listed on US stock exchanges.
"This is our first purely international offering of a Trendpilot ETN," says Thomas Haines, New York-based director and head of North American listed products at RBS. "China is currently the second-largest economy by GDP, and yet most financial products have very little allocation to it
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