The Royal Bank of Scotland has launched 12 ETFs providing exposure to monthly leveraged and euro currency hedged indices.
The leveraged funds, released on the Deutsche Boerse, track indices that rebalance on a monthly basis rather than on a daily basis, as offered by most other leveraged ETFs. The currency-hedged funds replicate the S&P 500 and Topix indices in euros, allowing investors to gain exposure with a currency hedge. The bank's global head of structured funds David Moroney says: "Prior to this, only ETFs with daily leveraged indices were available in Europe. Thanks to monthly rebalancing, investors will now have access to a leveraged performance that is consistent for longer than one day." Si...
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