RBS Unveils Crude Oil-Based ETN

RBS Securities, an Royal Bank of Scotland division, has launched a new crude oil-based exchange-traded note (ETN), Index Universe reports. The new product offers hypothetical equal-weighted exposure to 12 crude contracts on the New York Mercantile Exchange.

The RBS Oil Trendpilot ETN (TWTI) will track the RBS Oil Trendpilot Index, a proprietary trend-following strategy that offers hypothetical exposure to West Texas intermediate crude oil futures or to the yield of three-month U.S. Treasury bills. The vehicle will mature on Sept. 14, 2041.

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