RBS unveils three ETNs in Germany

One of the notes tracks the performance of 35 companies in the African ex South Africa frontier markets and has a 1.35% annual management fee. The underlying benchmark is the MSCI EFM Africa ex South Africa, a total return index that reinvests dividends. The ETN tracking the MSCI Bric ADR Top 50 index has a 0.64% management fee and returns the performance of a range of sub-indices. These include the MSCI Brazil ADR, MSCI Russia ADR, MSCI India ADR and MSCI China ADR. These underlying indices provide access to the 50 largest companies, weighted by free-float market capitalisation, from...