Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has listed five commodity-based exchange-traded notes (ETNs) on the Johannesburg Stock Exchange (JSE), in an attempt to meet investor demand for exposure to precious metals and currencies.
Of the five ETNs launched under the NewWave ETN programme, three provide investors with currency exposure to developed markets (euro, UK sterling and US dollar), while the remaining two are linked to the spot price of platinum and silver.
"Investors are attracted by the access to markets without
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