RBS to launch UK small-cap ETN and ETF
RBS will list a collateralised ETN based on small-cap indexes in Frankfurt and an uncollateralised version in London. An ETF on the same underlying is also planned
The Royal Bank of Scotland (RBS) is planning to launch an exchange-traded note (ETN) and an exchange-traded fund (ETF) that provide exposure to UK small-cap companies.
The bank is listing a collateralised ETN that tracks small-cap indexes in Frankfurt next week, alongside an uncollateralised ETN in London at the same time.
It also has plans to launch an ETF on the same index in the summer.
The underlying RBS HGSC (Tradable) Index aims to return the performance of the UK small-cap universe and is
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