ETF tracks RBS CTA Index with currency hedge …

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On Monday trading of another ETF issued by The Royal Bank of Scotland started on Xetra.

ETF name: RBS Market Access CTA Index ETF – EUR Hedged
Asset class: mixed fund
ISIN: LU0712092450
Total expense ratio: 0.75 percent
Distribution policy: non-distributing
Benchmark: RBS CTA Index

This RBS ETF enables investors to participate in the performance of the RBS CTA Index with currency hedge. The RBS CTA Index comprises the two sub-indices RBS Systematic CTA Index and RBS Discretionary CTA index, each with a 50% weighting and representing a diversified portfolio of hedge funds. The hedge fund strategies are both based on the commodity trading advisor approach, in which the fund manager may use futures and/or options on equities, bonds, currencies and commodities to implement the systematic and discretionary CTA strategies.

Source: ETFWorld – Deutsche Boerse