RBS to launch UK small cap ETF

The bank is listing a collateralised ETN that tracks small cap indices in Frankfurt next week, alongside an uncollateralised ETN in London at the same time. RBS also has plans to launch an ETF, tracking the same small cap index, in the summer. The underlying RBS HGSC (Tradable) index aims to return the performance of the UK small cap universe and is made up of 200 companies from the bottom 10% of the domestic stock market by capitalisation. The latest report into the parent HGSC Benchmark index, published in January, reveals it has beaten the annualised return on the FTSE All-Share...