RBS Launches Crude Oil Trendpilot ETN

RBS rolled out the fourth product in its Trendpilot suite on Thursday, debuting an ETN that combines exposure to crude oil with a popular trend following strategy. The RBS Oil Trendpilot ETN (TWTI) is linked to the RBS Trendpilot Index, a dynamic benchmark that oscillates between oil futures and cash depending on recent price trends. When the RBS 12-Month Oil Total Return Index is above its 100-business day simple moving average for five consecutive days, the note will track the performance of that benchmark. If the index closes below its moving average for five straight days, the note will pivot its exposure into cash. According to the RBS Web site, TWTI is currently tracking the cash rate. The underlying index is comprised of 12 futures contracts on light sweet crude oil (WTI) traded on the NYMEX, including the contract scheduled to expire in the next calendar month and the contracts [...] Click here to read the original article on ETFdb.com. Related Posts: When ETNs Are Better Than ETFs Gold ETF For Trend Followers (TBAR) Debuts RBS Launches Mid Cap TrendPilot ETN (TRNM) May ETFdb Category Kings: Best Performing ETFs January ETF Roundup: Launches, Filings, and Closures