{"id":1935,"date":"2021-07-12T10:43:46","date_gmt":"2021-07-12T10:43:46","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=1935"},"modified":"2021-07-12T10:43:46","modified_gmt":"2021-07-12T10:43:46","slug":"rbs-introduces-mid-cap-trendpilot-etn","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/rbs-introduces-mid-cap-trendpilot-etn\/","title":{"rendered":"RBS Introduces Mid Cap Trendpilot ETN"},"content":{"rendered":"
The Royal Bank of Scotland, more commonly known as RBS, added a second product to its US lineup with the introduction of RBS US Mid Cap Trendpilot ETN (TRNM) on Thursday (1\/27\/11). RBS first entered the US ETN arena with a \u201ctimed\u201d S&P 500 product<\/a> back on December 8, 2010.<\/p>\n The new RBS US Mid Cap Trendpilot ETN (TRNM) follows the same basic strategy as its large cap brother, RBS US Large Cap Trendpilot ETN (TRND), except the strategy is applied to the S&P MidCap 400 Index.<\/p>\n The timing methodology employed by TRNM is to track the S&P MidCap 400 Total Return Index when it has been above its 200-day moving average for five consecutive days and to track the return of 3-month Treasury Bills when the S&P MidCap 400 has been below its 200-day moving average for five consecutive days. A more complete description of the methodology is located in the TRNM fact Sheet (pdf).<\/p>\n TRNM, like TRND, has a unique variable investor fee (expense ratio) of 1.00% while it is tracking the S&P MidCap 400 and 0.50% while it is tracking T-Bills.<\/p>\n