The Royal Bank of Scotland has listed 10 exchange-traded commodities (ETCs) and five exchange-traded notes (ETNs) on the Xetra exchange in Germany.
Seven of the 10 ETCs track the performance of commodities indices within the Rogers International Commodity Index Enhanced range. These underlying indices comprise futures contracts in Brent crude oil, WTI crude oil, natural gas, agricultural commodities, industrial metals, grains and oilseeds, as well as a basket of 37 commodities. The indices use an optimised selection procedure involving a rollover effect, to mitigate potential negative roll yield impact. This rollover approach accounts for certain seasonal patterns and cycles associated with the individual commodities. It also ...
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