About the ETN: Standard Bank Wheat-Linker ETN [JSE:SBAWHT]

by , 12 November 2015

Standard Bank Wheat-Linker exchange traded note (ETN) tracks the performance of the wheat price in dollars per bushel. The ETN has a listing on the Johannesburg Stock Exchange…

Full name: Standard Bank Wheat-Linker ETN
Short name: SBWHT
Ticker: SBAWHT
Sector: JSE listed notes
 

Five top facts about Standard Bank Wheat-Linker ETN

 
Fact #1:
ETNs are debt instruments that trade on a stock exchange. By lending money to the issuer of the ETN, your returns reflect the performance of a specific benchmark or asset. ETNs are riskier than exchange traded funds (ETFs) as they’re dependent on the issuer’s credit risk.
 
Fact #2:
Standard Bank Wheat-Linker ETN listed on the Johannesburg Stock Exchange in July 2011.
 
Fact #3:
Standard Bank Wheat-Linker ETN tracks the performance of the wheat price in dollars per bushel. One Standard Bank Wheat-Linker ETN is roughly the equivalent of 0.14 bushels of wheat. 
 
Fact #4:
Standard Bank Wheat-Linker ETN is for investors who want exposure to the wheat price in dollars. The ETN achieves this via a total return index using the near dated US dollar commodity future, US interest rates and the US dollar/rand exchange rate.
 
Fact #5:
Standard Bank Wheat-Linker ETN matures in July 2021. 
 

Standard Bank Wheat-Linker ETN’s share price 


Chart of Standard Bank Wheat-Linker ETN's share price
 

Financial information

 
For more financial information about Standard Bank Wheat-Linker ETN, click here.
 
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