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In this issue:
Investonline - Unit Trusts Online
The new way of investing in unit trusts.
Investonline offers you tailor-made investment portfolios at a fraction of the normal costs. Apply online in a safe and secure environment. All portfolios supported by a leading fund administrator.
Some of the advantages investing through Investonline:
- substantial savings - no upfront fees
- diversified unit trust portfolios
- 10 risk-profiled investment portfolios
- simple, cost-effective & flexible
- safe & secure
- independent, objective and professional
- exceptionally low annual administration fee
Unit Trusts Online - Independent & Professional - Safe & Secure
Three easy steps:
- Create a risk profile
- View your portfolio
- Send your application
For more on Unit Trusts Online click here
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Absa capital - new wave Exchange Traded Note (ETN)
Exchange Traded Notes (ETNs) are designed to provide investors with an investment opportunity to access the returns of market
benchmarks or strategies. ETNs are not equities or index funds, but they do share several characteristics. For example, both are listed on an
exchange and similar to index funds they are linked to the return of a benchmark index or price.
Absa Capital has established the NewWave ETN programme (NewWave). NewWave will give investors exposure to the performance of
various asset classes, including commodities. The ETN programme is an issuance programme of Absa Bank Limited in terms of which
various classes of notes are issued and listed on the JSE. These notes constitute unconditional unsecured and unsubordinated obligations
of Absa Bank.
Benefits of ETNs
ETNs provide investors with the opportunity to achieve cost effective
investments in previously expensive or difficult to
reach sectors.
NewWave Precious Metal ETNs
The first ETNs to be established under the NewWave ETN
programme are precious metal ETNs, referencing the price of
a quantity of the precious metals - platinum and silver.
Investment Objectives
Precious metal ETNs will enable investors, through the holding
of an individual note, to gain exposure to a return from investing
in precious metals without the necessity of directly trading and
storing precious metals.
Any potential investor should, prior to investing ensure that it has
some understanding of precious metals and how they trade.
- Platinum ETNs - precious metal ETNs
- Silver ETNs - precious metal ETNs
- Commodity ETNs
Initial Public Offering (IPO) documentation and salient dates will be published soon.
Read more on Satrix and other ETFs
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rsa retail savings bonds:
Fixed Rate Retail Savings Bonds
Investing in Fixed Rate Retail Savings Bonds is the safest investment in South Africa, as these bonds are backed by the full faith and credit of Government. THE SMART WAY TO SAVE! You will earn market-related fixed interest rates over the various terms. What you see is what you get. No hidden costs, fees or commissions are payable.
Why choose this product?
. Safe - No risk
. Accessible
. Affordable
. Guaranteed Returns
. Convenient
. Savings scheme specifically for South African residents
Current Interest Rates
CURRENT INTEREST RATES |
| Fixed Rate: |
From July - 2010 |
| Fixed for 2 years |
8.50% per year |
| Fixed for 3 years |
8.75% per year |
| Fixed for 5 years |
9.00% per year |
Read more on RSA Retail Savings Bonds Go to Top
ABSa capital Reduces eRAFI™ ETF's Management Fees
Absa Capital, the investment banking division of the ABSa Group Ltd (Absa), announced that as from June 1, it has reduced the basic management fee on its eRAFI™ series of Exchange Traded Funds (ETFs) that weight shares based on fundamental valuation metrics.
The basic fee previously charged was on average 75-80 basis points per annum depending on the portfolio and the investor holdings. It is replaced with a basic fee on a cost recovery basis taking into account only the direct operational costs of the eRAFI™ ETFs.
This will result in an immediate saving for the investors of 20-25 basis points (0.20-0.25%) per annum. The current performance fee of 20% of the amount by which the eRAFI™ ETFs out perform their benchmarks will remain unchanged. If in any year an eRAFI™ ETF doesn't outperform its benchmark, investor will "claw back" returns and only pay a performance fee after they have made up the under performance.
Click to learn more about Absa Capital Exchange Traded Funds
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