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In this issue:
New exchange traded funds (ETfs) avaliable on the intransact* investment platform
*(Itransact is Automated Outsourcing Services (Pty) Ltd, (AOS) a licensed administrative financial services provider in terms of the Financial Advisory and Intermediary Services Act)
Benefits of the Itransact Platform:
• Multiple ETF funds in one platform
• One application form
• One payment
• One statement
RMB BIPS
. Bips ftse/jse top 40 fund
Bips Top 40 is an Exchange Traded Fund (ETF) listed on the Johannesburg Stock Exchange (JSE), containing the 41 largest shares in terms of market capitalisation.
. Bips Government Inflation Linked Bond fund
BIPS Inflation-X ETF provides direct exposure to inflation-linked bonds issued by the South African Government. Inflation-X aims to track the performance of the Government Inflation Linked Bond Index ("GILBx") and is listed on the JSE, providing a seamless and cost effective way to invest in Government inflation linked bonds.
Nedbank Capital
. BettaBeta Equally Weighted Top 40 ETF
This index is constituted of exactly the same companies as defined by the FTSE/JSE as the Top40 index, but are held in equal proportions, being 2.5% each, at the quarterly rebalancing date.
Absa Capital
. MAPPST Growth
This ETF is aimed at investors with a longer time horizon (e.g. younger investors) who is willing to accept higher variability of returns in exchange for the prospect of long-term real investment returns.
. MAPPST Protect
This ETF is aimed at investors with a shorter time horizon (e.g. closer to retirement) and lower tolerance for return variability. Investors in the MAPPST Protect ETF would prefer a more stable return stream.
Proptrax - Property Exchange Traded Funds
. Proptrax (Top SA Listed Property)
. ProptraxTen (Top Ten Equally Weighted Listed Property)
Proptrax Property Index Tracker consists of the Top SA Listed Property (PUTS) and Property Loan Stock (PLS) companies on the JSE.
Stanlib
. STANLIB TOP 40 ETF
Consists of the shares that constitute the FTSE/ JSE Top40 index of the Johannesburg Stock Exchange. This is an index of the largest 40 shares by market capitalization, listed on the JSE, after adjusting for free-float. The fund aims to replicate both the capital and income return of the index by holding substantially all of the shares in the index according their index weighting
. STANLIB SWIX 40 ETF
Consists of the shares that constitute the FTSE/ JSE SWIX 40 index of the JSE. This index differs from the Top40 index in that it only considers the free-float market capitalization of the company that is held on the JSE register. This means that the dual-listed shares are down-weighted relative to the Top40 and it is thus considered to be more representative of the universe of shares available to South African investors.
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Commodity-linker exchange traded notes (ETN)
"An exchange-traded note (or ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETN's have a maturity date and are backed only by the credit of the issuer."
What are Commodity-linker ETNs?
Commodity-linker ETNs are JSE listed instruments that track the performance of an underlying commodity. These ETNs provide investors with a vehicle to access a market previously inaccessible to both individual and institutional SA investors.
Risks of trading and investing in ETNs include:
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Investing in ETNs may result in a loss for the investor
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ETNs are exposed to the credit risk of the credit of the issuer
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ETNs could encompass potentially unprofitable trading strategies
Standard Bank Exchange Traded Notes
.Gold-Linker
Standard Bank's Gold-Linker Exchange Traded Notes provides investors with exposure to the gold price in a cost effective manor. A total return index is created form the near dated USD gold future, USD interest rates and the USD/ZAR exchange rate. THe near-dated future is used as it is typically the most effective way of gaining exposure to gold. The gold-linker ETN therefore does not incur the costs of owning, storing and insuring physical gold.
.Silver - Linker
Standard Bank's Silver-Linker Exchange Traded Note provides investors with exposure to the silver price in a cost effective manor. A total return index is created form the near dated USD silver future, USD interest rates and the USD/ZAR exchange rate. The near-dared future is used as it is typically the most cost effective way of gaining exposure to silver. The Silver-Linker ETN therefore does not incur the costs of owning, storing and insuring physical silver.
.Platinum-Linker
Standard Bank's Platinum-Linker Exchange Traded Note provides investors with exposure to the platinum price in a cost effective manor. A total return index is created form the near dated USD platinum future, USD interest rates and the USD/ZAR exchange rate. The near-dated future is used as it is typically the most cost effective way of gaining exposure to platinum. The platinum-Linker ETN therefore does not incur the costs of owning, storing and insuring physical platinum
.Palladium-Linker
Standard Bank's Palladium-Linker Exchange Traded Note provides investors with exposure to the palladium price in a cost effective manner. A total return index is created form the near dated USD palladium future, USD interest rates and the USD/ ZAR exchange rate. The near-dated future is used as it is typically the most cost effective way of gaining exposure to palladium. The Palladium-Liner ETN therefore does not incur the costs of owning, storing and insuring physical palladium
RMB Oil Exchange Traded Notes
.RMB Oil Index Exchange Traded Note
The RMB Oil ETN is the first product to be launched on the RMB ETN platform. It is based on the RMB Oil Index which is calculated and published daily and references:
- The WTI crude oil front month futures contract traded on the NYMEX
- The performance includes the change in the price of the futures contracts - the "roll yield" (positive or negative) due to rolling over contracts from one month to another
- Interest is returned on the full investment amount at US T-Bill rates
- The index deducts a flat investor fee of 75 basis points
- The index is translated into ZAR daily using the 4pm USD/ZAR rate
One ETN unit gives exposure to one barrel of oil. The RMB Oil ETN has a term of 5 years.
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