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ETN - Absa Bank NewWave US Dollar  –  NEWUSD  
     
Prices at least 15 minutes delayed. Source: JSE Ltd.
 
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JSE Overall 89 726 -0.13%
 
10 Day Trading Range
1,865 1,913
Peer Comparison
NEWWVEUSD (NEWUSD)18.72 (-0.05%)
NEWSILVER (NEWSLV)5.95 (2.59%)
FNBETNMWC (MWETNC)16.86 (-0.59%)
FNBETNMWQ (MWETNQ)16.04 (3.48%)
FNBETNNFQ (NFETNQ)20.35 (-1.17%)
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NEWUSD  Latest Market Data
Yesterday's Close1,873   P/E Ratio
Today's Open1,877   EPS - TTM
Best Bid1,875 x 283   DPS - TTM Dividend (cps) 40 n/a
Best Offer1,881 x 282   Dividend Yield
Volume 17 577   Market Cap 979.71m
Day's Range1,872–1,877   Shares In Issue 52.34m
Detailed quote
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Objective
NewWave Currency Exchange Traded Notes (ETNs) are designed to give investors exposure to the value of individual foreign currencies via JSE-listed ZAR denominated securities. Simply put, the ETNs will appreciate in value if the ZAR weakens relative to the respective foreign currencies, and will depreciate if the rand strengthens. The ETNs, as with foreign bank deposits, attract interest payable to or owing to investors (distributed twice-annually) and do not attract any additional management fees. Each note exposes an investor to one unit of the applicable foreign currency. They are available with reference to US dollars ($), Euros (€) and British pounds (£).
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