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Standard Bank ETNs

Standard Bank Exchange Traded Notes

Gold-Linker Exchange Traded Note (JSE Code: SBAG1)

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 Exchange Traded Note (JSE Code: SBAS1)

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 Exchange Traded Note (JSE Code: SBAPL1)

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 Exchange Traded Note (JSE Code: SBAPD1)

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

As a total return index, the Precious Metal ETN’s return is derived from the following five sources:

  1. Performance of the futures contract of the commodity: change in the near-dated future’s USD contract price
  2. USD deposit rate that accrues daily on the collateralized cash value of the investment: overnight USD Libor less 0.125%
  3. Change in USD / ZAR exchange rate
  4. Roll and re balancing yield: a result from rolling the current future into a distant future due to an approaching expiry
  5. Annual management fee of 0.5% is accrued daily
Performance Information
January 2015 Performance
Year to date
1 yr Return
Inception to date
Corn
-8.68%
-8.68%
-11.30%
-1.80%
Wheat
-15.52%
-15.52%
-14.89%
-11.19%
Copper
-13.8%
-13.18%
-13.18%
-8.89%
WTI-Oil
-14.73%
-14.73%
-45.27%
-17.38%
Gold
5.79%
5.79%
16.21%
62.75%
Palladium
-2.93%
-2.93%
19.16%
145.46%
Platinum
1.26%
1.26%
-1.58%
19.53%
Silver
5.12%
5.12%
-6.07%
38.70%

Source: Bloomberg - January2015 (past performance is not necessarily a guide to future performance)

Risks of trading and investing in ETNs include:

  • Investing in ETNs may result in a loss for the investor
  • ETNs are exposed to the credit risk of Standard Bank
  • ETNs could encompass potentially unprofitable trading strategies
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