16.11.2012 - RBS launches 5 new commodity ETNs with eye on contango
After a hurricane-related delay, RBS delivers five new funds linked to Jim Rogers' indexes. The Royal Bank of Scotland, the issuer behind the Trendpilot series of ETNs, today is finally launching five new ETNs — all of them based on commodities guru Jim Rogers’ Enhanced Rogers International Commodity Index (RICI) series — after their rollout planned for late last month was delayed by Hurricane Sandy. Aside from a broad commodity ETN based on Rogers’ flagship-enhanced RICI index, the four other ETNs will track RICI subindexes focused on agriculture, energy, precious metals and industrial metals. Each security comes with an annual fee of 0.95 percent, RBS said today in a press release...............................................Full Article: Source
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