RBS US Large Cap Alternator ETN (ALTL) - NYSEARCA
ALTL is defunct since July 7, 2015. Lack of investor interest
ALTL Description
The RBS US Large Cap Alternator ETNs™ are designed for investors who seek exposure to the RBS US Large Cap Alternator Index™ (USD) (the “Index”). The Index utilizes a systematic relative strength strategy to provide exposure to either the S&P 500® Total Return Index, the S&P 500® Low Volatility Total Return Index or the S&P 500® Equal Weight Total Return Index (each, an “Underlying Index”), depending at any given time on the relative performance of the Underlying Indices as measured by their Relative Strength Scores. A “Relative Strength Score” is assigned to each Underlying Index on the last Index business day of each calendar month that is not a disrupted day (a “determination date”) and is the simple average of the returns of that Underlying Index for the prior one-month, three-month, six-month, nine-month and twelve-month periods. The Index will track the return of the Underlying Index with the highest Relative Strength Score on any determination date, but not the other two Underlying Indices, for the following month.
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Country: United States
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