RBS Launches Mid Cap TrendPilot ETN (TRNM)

RBS rolled out its second exchange-traded note on Thursday, adding the U.S. Mid Cap Trendpilot Index ETN (TRNM) to its lineup. The new note will be linked to the performance of the RBS U.S. Mid Cap Trendpilot Index, a dynamic benchmark that shifts exposure between mid cap stocks and low risk Treasuries depending on observable price signals. When the S&P MidCap 400 Index is at or above its 200-day simple moving average, TRNM will be invested in mid cap stocks. If the S&P MidCap 400 closes below its 200-day moving average for five consecutive sessions, exposure will be shifted into 3-month U.S. Treasury bills. Trend following has been a widely-used investing strategy for decades, and has only gained in popularity after the methodology allowed many investors to watch much of the 2008 bear market from the sidelines. TRNM combines this strategy with the exchange-traded structure, offering a low maintenance product that [...] Click here to read the original article on ETFdb.com. Related Posts: December ETF Roundup: Launches, Filings, and Closures RBS Launches Trendpilot ETN