RBS Lists FX-Hedged ETFs On Euronext

The Royal Bank of Scotland has listed two currency-hedged ETFs on the NYSE Euronext.

The Royal Bank of Scotland (RBS) has listed two currency-hedged ETFs on the NYSE Euronext. The funds are the RBS Market Access S&P 500 EUR Hedged Index ETF and the RBS Market Access TOPIX EUR Hedged Index ETF. The new ETFs will allow investors to invest internationally and hedge currency exposure in one trade, without having to monitor and maintain a currency hedge. Each fund will replicate the returns to an investor whose home currency is Euro and has an exposure to the corresponding reference index denominated in its local currency and hedges his currency risk using one month forward FX contracts.

Click here for the release from NYSE Euronext.