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NewWave GBP Exchange Trade Note  

Each NewWave GBP Currency Exchange Traded Notes (ETNs) is designed to provide investors with an easy-to-access and liquid investment in Great British Pounds, similar to having a currency deposit account with a financial institution. Any potential investor should, prior to investing ensure that they have some understanding of currencies and how they trade.

Each note equals a fixed principal amount of £1 and will accrue interest on a daily basis at the overnight LIBOR rate minus a 0.20% interest rate spread.

Interest will be distributed on a semi annual basis.
Fees: No fees are charged, the Issuer earns the interest rate spread.

Previous day closing price

R16.02

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

23.16

Ask price

23.24
15 minute delay
Error populating the performance return information

Historical performance graph

Annualised return  7.23%
Benchmark return  7.22%
Date Range
 NewWave GBP ETN
Fund data
Document downloads

Fund data

Inception Date 12 March 2012
Maturity Date 12 March 2042
Reuters RIC NEWGBPJ.J
ISIN Code ZAE000162558
Principal Amount per Note £1
Interest Rate Spread (12/03/2012 - 31/8/2012) 0.20%

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.