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Exchange Traded Funds and Notes

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Get access to a wide spectrum of assets

1nvest – bought to you by Standard Bank Group

1nvest is a specialist index tracking fund provider brought to you by Standard Bank, STANLIB and Liberty. 1nvest’s comprehensive index product range includes index Unit Trusts (UTs) and Exchange-Traded Funds (ETFs) across a broad spectrum of asset classes and strategies – enabling us to cater to your unique investment needs.

Some of the benefits

Ease of entry and exit

You have ease of entry and exit should you not want to 'buy and hold'

Portfolio diversification

ETFs are traded on many asset classes, commodities, and currencies

Lower costs

ETFs can offer lower operating costs than traditional funds

Trading flexibility

ETFs are bought and sold throughout the day when the markets are open
THE BENEFITS FOR YOU

Exchange-Traded Funds, or ETF’s (with the exception of commodity ETFs) are listed participatory interest in the assets of a collective investment scheme that are bought and sold like a normal share on an exchange through your traditional stock broker or online broker. ETFs in South Africa are regulated by the Financial Sector Conduct Authority (FSCA) with the exception of commodity ETFs, which are listed and regulated by the JSE. ETF structure and fees are transparent so you can relax knowing there won’t be any nasty surprises down the line.

 

1nvest’s operates as the Standard Bank Groups ETF provider.

OUR OFFERING

Standard Bank offers ETNs while 1nvest offers ETFs. Can we add a link to open a separate page for www.1nvest.co.za

  • ETFs - 1nvest provides a wide range of index fund building blocks as UTs or ETFs across multiple asset classes and geographies, enabling you instant access to some of the popular market indices. 1nvest has five broad product ranges that span equities, fixed income, commodities and property asset classes providing exposure to the South African and Offshore markets. These include the local, global, blended, commodity and smart beta ranges.
  • ETNs – Standard Bank provides a range of commodity and index ETNs, enabling you instant access to some unique underlying exposures.
  • THE BENEFITS FOR YOU
  • OUR OFFERING

Exchange-Traded Funds, or ETF’s (with the exception of commodity ETFs) are listed participatory interest in the assets of a collective investment scheme that are bought and sold like a normal share on an exchange through your traditional stock broker or online broker. ETFs in South Africa are regulated by the Financial Sector Conduct Authority (FSCA) with the exception of commodity ETFs, which are listed and regulated by the JSE. ETF structure and fees are transparent so you can relax knowing there won’t be any nasty surprises down the line.

 

1nvest’s operates as the Standard Bank Groups ETF provider.

Standard Bank offers ETNs while 1nvest offers ETFs. Can we add a link to open a separate page for www.1nvest.co.za

  • ETFs - 1nvest provides a wide range of index fund building blocks as UTs or ETFs across multiple asset classes and geographies, enabling you instant access to some of the popular market indices. 1nvest has five broad product ranges that span equities, fixed income, commodities and property asset classes providing exposure to the South African and Offshore markets. These include the local, global, blended, commodity and smart beta ranges.
  • ETNs – Standard Bank provides a range of commodity and index ETNs, enabling you instant access to some unique underlying exposures.
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How do I access African commodities?

By investing into our EFTs and ETNs.

Net Asset Value 13 November 2019

Asset information AfricaGold AfricaPlatinum AfricaPalladium AfricaRhodium
 Net asset value (NAV)  215.7 128.1 250.72 808.16
 Number of debentures  700000 15550000 14670000 520555
 Ounce per fund held  6881.510014 152506.11 143502.4274 5045.351374
 Metal allocation per unit  0.982902474 0.980961203 0.977667295 0.966645366
EXCHANGE TRADED FUNDS (ETFS)

Africa ETF

  • Palladium, platinum, rhodium and gold ETFs track the spot price of the underlying precious metal, less fees.
  • Each precious metal ETF is 100% backed by the physical commodity and, on issuance, each debenture will be based on 1/100th of a troy ounce.
  • The physical metal is stored as London Good Delivery Bars held at recognised custodians stored in vaults in London.

These ETFs have a low total expense ratio with management fees of 25bp per annum for gold, 30bp for platinum, 35bp for palladium, and 75bp for rhodium.

  • The debentures can be created or redeemed in blocks of 100,000 debentures (25,000 debentures for rhodium) at a fixed cost of R5,000 per creation or redemption order.
  • The ETFs are denominated in Rands and are classified as domestic assets; which means they do not utilise prudential limits for institutional investors or offshore allowance for individuals.
  • You are assured of ease of entry and exit to this market should you not want to adopt a 'buy and hold' strategy.

 Africa ETF Issuer (Limited) offers the following:

COMMODITY-LINKED EXCHANGE TRADED NOTES (ETNs)

Our ETNs track the performance of a single precious metal or commodity, through the following notes:

  • Gold-linker (JSE code: SBAG1)
  • Silver-linker (JSE code: SBAS1)
  • Platinum-linker (JSE code: SBAPL1)
  • Palladium-linker (JSE code: SBAPD1)
  • Corn-linker (JSE Code: SBACRN)
  • Wheat-linker (JSE Code: SBAWHT)
  • WTI Oil-linker (JSE Code: SBAOIL)
  • Copper-linker (JSE Code: SBACOP)
WHY TRADE COMMODITY-LINKED ETNs?

Each Commodity-linked note gives you exposure to a portion of the underlying commodity, providing access to an alternative asset class. This amount varies daily in line with changing underlying commodity values.

Commodity-linked performance

Click here to access our latest Commodity-linked ETNs fact sheets or to see how many ETNs are equal to a unit of the underlying commodity.

AFRICA EQUITY INDEX ETN

What is the Africa Equity Index ETN?

Our Africa Equity Index Exchange Traded Note (AEI ETN) is listed on the JSE and tracks the performance of the Standard Bank Africa Total Return Index (SBAFRITR)

  • AEI ETN (JSE code: SBAEI)

To review JSE pricing supplement click here

Why trade the AEI ETN?

The AEI ETN provides you with access to equity exposure in Africa, excluding South Africa. The AEI ETN tracks our Africa Total Return Index, which includes listed equities on African stock exchanges and equities listed in major stock exchanges outside Africa, with their principal exposure to Africa.

STANDARD BANK AFRICA COMMODITY INDEX ETN

What is the Standard Bank Africa Commodity Index ETN?

Our Africa Commodity Index Exchange Traded Note (SBACI), is listed on the JSE, and tracks the performance of the Standard Bank Africa Commodity Index (SBAFCI). The SBACI ETN is a single tradable investment vehicle, providing you with exposure to a diversified basket of commodities.

To find out more about the SBACI ETN click here.

  • SBACI ETN (JSE code: SBACI)

To review the JSE pricing supplement click here.

Africa Commodity Index performance

Click here to access our latest Africa Commodity Index ETNs fact sheet

What is the Standard Bank Africa Commodity Index (SBAFCI)?

The SBAFCI is a Rand-based index which reflects a diversified and weighted basket of commodities including aluminium, copper, crude oil, gold, platinum, corn and wheat. The index is passive, and is re-balanced every two months in line with the commodity weighting for the index, while the commodity weighting is determined annually.

The individual commodity weightings are calculated on the basis of their average African production value for the most recent five-year period. Weightings may be adjusted in line with aggregated risk measures detailed in the index rules. These risk measures aim to ensure no single commodity or sub sector dominates the index. 

To find out more about the index rules please click here.

Commodities as an asset class

Commodities are an asset class endowed with unique features, making them an attractive inclusion to

diversify your financial portfolios. The principal benefits of adding commodity exposure to an investment portfolio are:

  • Commodity markets trade globally, offering distinct advantages in liquidity and the free flow of commodity information.
  • Commodity returns generally exhibit negative correlation with returns from traditional asset classes such as equities and bonds.
  • Low or negative correlation across commodity sectors provides further diversification benefits.
  • Commodity returns are sometimes found to have a positive correlation with inflation, hence providing a natural inflationary hedge.

For a detailed outlook on the specific commodities included in the SBACI ETN, please click here.

WHAT IS THE STANDARD BANK AFRICA TOTAL RETURN INDEX?

The SBAFRITR is independently calculated and sponsored by Standard Advisory London Limited. The index reflects a diversified basket of shares across African countries, and provides access to Africa. Stocks selected include listed stocks within Africa, and stocks listed on major international exchanges that have direct exposure to the continent through either revenue, profits or asset streams. 

Read more about the index.

To review index legal rules document click here.

Trade AEI ETNs now

For product information contact Standard Bank on [email protected]  or +2711 415 4100.

Contact Online Share Trading or your JSE broker to start trading.

Africa Equity Index performance

Click here to access our latest Africa Equity Index ETNs fact sheet.

COMMODITY-LINKED EXCHANGE TRADED NOTES (ETN)
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Johann Erasmus
Executive Client Solutions