Description:
The RBS US Large Cap TrendpilotTM ETNs are designed for investors who seek exposure to the RBS US Large Cap TrendpilotTM Index (USD) (the “Index”). The Index utilizes a systematic trend-following strategy to provide exposure to either the S&P 500® Total Return Index (the “Benchmark Index”) or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills (the “Cash Rate”), depending on the relative performance of the Benchmark Index on a simple historical moving average basis. If the level of the Benchmark Index is at or above its historical 200-index business day simple moving average for five consecutive Index business days (i.e., a “positive trend” is established), the Index will track the return on the Benchmark Index, and will have no exposure to the Cash Rate until a negative trend occurs. Conversely, if the level of the Benchmark Index is below such average for five consecutive index business days (i.e., a “negative trend” is established), then the Index will track the Cash Rate instead of the return on the Benchmark Index and will have no exposure to the Benchmark Index until the next positive trend. [read more]
| Last Trade: |
$31.94 |
| Trade Time: |
06/18/2013 |
| Prev Close: |
$31.94 |
| Open: |
$32.01 |
| High: |
$32.24 |
| Low: |
$32.00 |
| Volume: |
17,321 |
| Optionable: |
No |
|
| Yield: |
0 |
| Annual Dividend: |
0 |
| Dividend Freq: |
|
| Leverage: |
No |
| Inverse: |
No |
| Expense Ratio: |
0.000 |
| Inception Date: |
|
|
