RBS To Float Two Volatility Funds

Royal Bank of Scotland (RBS) will unveil two new retail funds, Financial Times reports. The Volatility Controlled Cautious Managed and Volatility Controlled Balanced Managed funds will seek to keep volatility below sector averages, while delivering growth over medium to long term.

The vehicles will invest in 11 indices, including the FTSE 100 Total Return Index, the S&P 500 Total Return Index and the EuroStoxx 50 Total Return Index, adds Citywire. A team of six headed by the bank’s head of structured derivatives product development, David Moroney, will run the two volatility funds.

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