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Mark Kennedy

5 New ETNs from RBS

By November 15, 2012

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RBS (Royal Bank of Scotland) has brought 5 new ETNs to market...

  • RGRA - RBS Rogers Enhanced Agriculture ETN
  • RGRC - RBS Rogers Enhanced Commodity ETN
  • RGRE - RBS Rogers Enhanced Energy ETN
  • RGRI - RBS Rogers Enhanced Industrial Metals ETN
  • RGRP - RBS Rogers Enhanced Precious Metals ETN

All five ETNs correlate with the Enhanced Rogers International Commodity Index (or sub-indexes), which according to the website is a composite, U.S. dollar-based, total return index designed by James Rogers to meet the need for consistent investing in a broad based international vehicle. The index(es) represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metal products. The value of this basket is tracked via futures contracts on 37 different exchange-traded physical commodities, quoted in five different currencies, listed on thirteen exchanges in six countries.

Today is the first day of trading for the new ETNs, they were supposed to make their US launch a bit early, but the east-coast storm delayed the process. However, the are finally live, so keep an eye on their performance. Or if you want to see other commodity funds, then you can check out the...

 

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