RBS teams with Greenblatt for enhanced value index launch

Royal Bank of Scotland (RBS) has launched the Gotham Enhanced Value Index Series globally, in partnership with Joel Greenblatt, managing partner of Gotham Capital International, which ran a fund for a decade based on the principles of the index. The strategy is to spot good-quality companies that are undervalued by the stock market. Gotham Capital runs a database that calculates which companies have a high return on capital employed and a high earnings yield and ranks them in order. Companies