Johannesburg Stock Exchange (JSE) JSE lists new range of ETNs. Johannesburg, 12 March 2013. Today, BNP Paribas, one of the world’s largest banking groups, lists a range of Exchange Traded Notes (ETNs) on the JSE. These ETNs will offer South African investors greater opportunities to diversify their investment portfolios through offshore exposure. ETNs are transparent, liquid instruments aiming to provide simple and cost-effective exposure to assets that are traditionally difficult to gain exposure to as an individual investor. They are convenient building blocks for portfolio allocation according to individual market views. By having the ETNs listed on the exchange African investors are able to buy and sell them through a registered stockbroker, just like any other JSE-listed instrument. The listing of the new ETN range brings the number of ETNs listed on the JSE to 28. “We are pleased to have partnered with BNP Paribas to offer investors a broader range of equity products and allow them opportunities to diversify their portfolios through the JSE,” says Leanne Parsons, Director of the Equity Market at the JSE. “The Guru investment methodology is simple and completely objective, aiming to achieve an optimal investment solution. We are giving clients access to a “back to basics” approach, relying on investment techniques used by some of the most successful fund managers - such as Benjamin Graham, Warren Buffet and Peter Lynch”, says Guillaume Dolisi, who created the Guru strategy at BNP Paribas. The new products that will be listed include the Guru US ETN, the Guru Europe ETN, the Guru Asia ETN and the Guru Equity World ETN. They are denominated and traded in Rands while retaining the exposure to the corresponding offshore currency in addition to the underlying equity exposure. This new range of ETNs tracks the performance of BNP Paribas’ THEAM Quant Equity Guru funds in each region. The Guru strategy is a systematic investment methodology combining the respective strengths of active and passive investment management. The methodology implements the basic rules of active investment via stock selection based on value, profitability and prospects. In line with a passive investment approach, these indicators are monitored systematically according to clearly defined rules and rebalanced monthly. Companies are selected from an investment universe of over 2,500 companies. About JSE Limited As South Africa’s only full service securities exchange, the JSE connects buyers and sellers in five different financial markets, namely equities, equity derivatives, commodity derivatives, currency derivatives and interest rate products. The JSE Ltd offers the investor a truly first world trading environment, with world class technology, surveillance and settlement in an emerging market context. It is amongst the top 20 largest equities exchanges in terms of market capitalisation in the world. In terms of derivatives, the JSE is currently ranked the 20th largest exchange by the Futures Industry Association (FIA). For further information, please visit jse.co.za About BNP Paribas Corporate and Investment Banking BNP Paribas Corporate and Investment Banking (CIB) is a leading provider of solutions to a wide range of clients including corporates, sovereigns, financial institutions and investors worldwide. Approximately 19,000 professionals in 45 countries provide clients with personalised services for managing their risks and assets, financing and expanding their business and servicing their operational needs. BNP Paribas CIB excels in: Corporate Banking - where it has leading franchises in Transaction Banking (trade finance, cash management) and in Specialized Financing (energy & commodities, transportation, export, project, leveraged, media telecom, corporate acquisition finance and real estate) Derivatives - where it is one of the leading global players in interest rates, credit, foreign exchange, commodity and equity derivatives. Advisory and Capital Markets - where it is a top European house in ECM and a global leader in DCM (bond, convertibles and equity issuance) ISSUED BY: Victoria Williams / Mari Blumenthal H+K Strategies South Africa ON BEHALF OF: Leanne Parsons Director: Equity Markets JSE Limited
Posted on: Wed, 12 Mar 2014 10:03:35 +0000
Trending Topics
Recently Viewed Topics
© 2015