Seeking Alpha

RBS U.S. Large Cap Trendpilot ETN (TRND)

TRND is defunct since July 7, 2015. Lack of investor interest
TRND Description
"The RBS US Large Cap Trendpilot Exchange Traded Notes (the “ETNs”) (NYSE Arca: “TRND”) are designed for investors who seek exposure to an index that utilizes a systematic trend-following strategy to provide exposure to either the S&P 500® Total Return Index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills, depending on the relative performance of the S&P 500® Total Return Index on a simple historical moving average basis. The ETNs do not pay interest, and investors should be willing to lose up to 100% of their investment if the Index declines or does not increase in an amount sufficient to offset the investor fee."
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Country: United States
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