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NewWave Silver Exchange Traded Note  

NewWave Exchange Traded Notes (ETNs) constitute unconditional, unsecured and unsubordinated obligations of Absa Bank Limited, listed on the JSE Limited.

The NewWave Silver ETN is designed to provide investors with cost-effective exposure to the spot price of silver in a listed instrument trading in South African rand. Each NewWave Silver ETN is equivalent to approximately 1/100th of an ounce of silver (less investor fees of 0.40% p.a.).

Silver is a well known precious metal traded in US dollar per fine ounce.

Previous day closing price

R2.32

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.

Current bid and offer

Bid price

2.05

Ask price

2.12
15 minute delay

Historical performance graph

Annualised return  -1.99%
Benchmark return  -1.52%
Date Range
 NewWave Silver
Fund data
Document downloads

Fund data

Inception Date 12 March 2012
Maturity Date 12 March 2042
Reuters RIC NEWSLVJ.J
ISIN Code ZAE000162566
Yearly fee 0.40%
Initial Reference Quantity 1/100th

Document downloads

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Copyright 2013 Corporate and Investment Banking, Absa. All Rights Reserved. Corporate and Investment Banking is a division of Absa Bank Limited, Reg No. 1986/004794/06. Authorised Financial Services Provider. Registered Credit Provider Reg No NCRCP7.