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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 95 324 -1.76%
 
10 Day Trading Range
1,788 1,831
Peer Comparison
NEWWVEUSD (NEWUSD)18.31 (1.61%)
NEWSILVER (NEWSLV)6.21 (1.64%)
FNBETNMWC (MWETNC)17.96 (0.67%)
FNBETNMWQ (MWETNQ)17.62 (-0.11%)
FNBETNFAQ (FAETNQ)24.43 (-2.08%)
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NEWUSD  Latest Market Data
Close Fri 13 Jun1,814   P/E Ratio
Open Fri 13 Jun1,828   EPS - TTM
Best Bid   DPS - TTM Dividend (cps) 40 n/a
Best Offer   Dividend Yield
Volume Fri 13 Jun 868 251   Market Cap 949.36m
Range Fri 13 Jun1,816–1,831   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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