The Royal Bank of Scotland (RBS) has rolled out an exchange-traded fund (ETF) that tracks the performance of commodity trading advisers (CTA), Financial Times reports. The new portfolio aims at institutional investors and will provide access to some of the world’s largest CTAs.
It will track the performance of the RBS CTA index, which has generated annualized returns of 10.1 percent since June 2007. The ETF will carry annual fees of 75 basis points and the underlying index carries a 35 basis points annual charge.
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