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ETN - Absa Bank NewWave US Dollar  –  NEWUSD  
     
Prices at least 15 minutes delayed. Source: JSE Ltd.
 
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1D 2D 3M 1Y 3Y 5Y 10Y
JSE Overall 120 170 -0.58%
 
10 Day Trading Range
1,653 1,684
Peer Comparison
NEWSILVER (NEWSLV)13.86 (-0.57%)
NEWWVEUSD (NEWUSD)16.68 (0.18%)
FNBETNALQ (ALETNQ)42.45 (-0.26%)
FNBETNMWQ (MWETNQ)20.19 (-0.88%)
FNBETNMWC (MWETNC)18.76 (-0.79%)
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NEWUSD  Latest Market Data
Close Fri 16 Jan1,665   P/E Ratio
Open Fri 16 Jan1,665   EPS - TTM
Best Bid   DPS - TTM Dividend (cps) 38 n/a
Best Offer   Dividend Yield
Volume Fri 16 Jan 6 626   Market Cap 871.38m
Range Fri 16 Jan1,658–1,670   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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