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FirstRand have listed 9 Exchange Traded Notes on large US stocks on the JSE


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ETNs: FirstRand have listed 9 Exchange Traded Notes on large US stocks on the JSE (plus one on MSCI World)

 

Google (Alphabet)
Amazon
Apple
Coke
Facebook
McDonalds
Microsoft
Netflix
Tesla

 

Each stock has 2 codes: With exposure to the USD/ZAR (C) or without (Q).

 

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Note that with an ETN you carry the counter-party risk that the issuer will not fulfill its obligations. With FSR/RMB you should be pretty safe, although their market making is less than desirable. Dividends are not paid out but are reinvested and added to the NAV of the ETN.

 

Source:

 

 

 

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