RBS Plans U.K. Small-Cap ETF, ETN

The Royal Bank of Scotland (RBS) is seeking to roll out an exchange traded note (ETN) and exchange-traded fund (ETF), IFA Online reports. The new offerings will provide exposure to U.K. small cap companies.

The lender is listing a collateralized ETN that tracks small cap indices in Frankfurt and an uncollateralized ETN in London. RBS will also roll out an ETF tracking the same small cap index.

Click here for the story from IFA Online.