MSCI EM Lat Am w/Br ADR ETN is a UCITS eligible exchange-traded note incorporated in Germany. The ETN's objective is to track the MSCI EM Lat Am w/Br ADR Index and is collateralized at 110%. The collateral is held by an independent custodian and valued on a daily basis. The ETNs provide access to the total return of the underlying market with minimized issuer risk.
The Royal Bank of Scotland NV