HomeHome SearchSearch MenuMenu Our productsOur products

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:
NEWSILVER
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.

*********** Hot off the press ************

I’ve made 114% profit over the last six months” - Arno van der Merwe, FSP Financial Alliance subscriber

Find out how you could be reaping in Alliance profits like these here

*************************************



About the ETN: NewWave Silver ETN [JSE:NEWSLV]
Rate this article    
Note: 4 of 10 votes

Related articles



Related articles




Trending Topics