ETP DEEP-DIVE

Quoting the London Stock Exchange: "Simple products. Sophisticated Strategies."

ETP is the financial instrument that provides all guarantees and seamlessly aligns with RRI's highly liquid strategy.

Exchange Traded Products (ETPs) are listed securities allowing investors to participate in the underlying index or strategy.

They can wrap an actively managed strategy or simply track an index.

ETPs can be listed swiftly, with low entry barriers, and trade on regulated exchanges’ main markets.

This places them between Actively Managed Certificates (AMCs) and traditional Exchange Traded Funds (ETFs).

From an operational and fiscal standpoint, it is comparable to investing in a stock or an ETF.

MIFID II compliant: Accessible to all investor types – no requirement for professional status.

Plain vanilla product: According to the London Stock Exchange: Simple products. Sophisticated Strategies.

Both the manager and other investors invest in the same product.

Traded on major brokers with access to the London Stock Exchange, e.g. Interactive Brokers, Degiro.

It has its own ISIN¹ and may be transferrable to other structurers within UK/ EU.

Minimal, as it owns 100% of the underlying assets.

The market maker ensures asset liquidity (with a 32 basis points spread).