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About the ETN: NewWave Silver ETN [JSE:NEWSLV]

by , 28 October 2015

NewWave Silver exchange traded note (ETN) tracks the performance of the spot price of silver in rands. The ETN has a listing on the Johannesburg Stock Exchange…

Full name: NewWave Silver ETN
Short name:
Ticker: NEWSLV
Sector: JSE listed notes

Five top facts about NewWave Silver 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, such as a precious metal. ETNs are riskier than exchange traded funds (ETFs) as they’re dependent on the issuer’s credit risk.

Fact #2:
NewWave Silver ETN listed on the Johannesburg Stock Exchange in March 2012.

Fact #3:
NewWave Silver ETN tracks the performance of the spot price of silver in rands. Each ETN is the equivalent to 1/100th of an ounce of silver bullion.

Fact #4:
NewWave Silver ETN is for investors who want exposure to the rand price of silver.

Fact #5:
NewWave Silver ETN matures in March 2042. Absa Bank backs the NewWave Silver ETN.

NewWave Silver ETN’s share price

Chart of NewWave Silver ETN's share price

Financial information

For more financial information about NewWave Silver ETN, click here.

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About the ETN: NewWave Silver ETN [JSE:NEWSLV]
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