Home > RBS China Trendpilot ETN And Global X MLP ETF Debut (TCHI, MLPA)

RBS China Trendpilot ETN And Global X MLP ETF Debut (TCHI, MLPA)

April 19th, 2012

Stoyan Bojinov: With earnings season in full swing on Wall Street, activity on the product development front has shown no signs of slowing down. iShares is set to debut a new emerging markets corporate bond ETF today, while RBS and Global X are also making strides to beef up their product lineups with a new China Trendpilot ETN and MLP ETF respectively [see Free Report: Everything You Need To Know About Commodity ETFs].

RBS, the issuer behind the Trendpilot family of products, launched today another offering to add to its growing lineup of “hands-free” trend-following products:

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  • RBS China Trendpilot ETN (NYSEARCA:TCHI): This ETN is linked to the RBS China Trendpilot Index, which uses a systematic trend-following strategy to provide exposure to either the BNY Mellon China Select ADR Total Return Index (the “Benchmark Index”) or the yield on a hypothetical notional investment in 3-month U.S. Treasuries [see TCHI Fact Sheet]. Like all of the other Trendpilot ETNs, TCHI will determine exposure based on the relative performance of the Benchmark Index on a simple historical moving average basis. If the given China equity index closes above its 100-day simple moving average for three consecutive days, TCHI will track the return of the said index. Likewise, if the index closes below its 100-day simple moving average for three consecutive days, thus signaling a downtrend, TCHI will switch exposure over to Treasuries [see also Asia-Centric ETFdb Portfolio ETFdb Pro Members Only].
Global X, known for its diverse offerings with everything from sector-specific Brazil ETFs to Canadian preferred stock exposure, is adding today an MLP ETF to its product lineup:

  • Global X MLP ETF (NYSEARCA:MLPA): This ETF seeks to replicate the price and yield performance of the Solactive MLP Composite Index, which is intended to provide investors with exposure to the performance of the U.S. MLP asset class. The underlying index consists of 30 MLPs engaged in the transporation, storage, refiding, marketing, exploration, and production of natural resources. MLPA separates itself from other offerings in the MLPs ETFdb Category by charging 0.45% in expense fees, making it by far the cheapest offering in the space [see MLP ETFs: Fact And Fiction].

Written By Stoyan Bojinov From ETF Database  Disclosure: No Positions

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