Namibians can now invest in silver without buying
Namibian investors can now invest in silver through the Namibia Securities Exchange (NSX), following the listing of a new silver investment product on the local stock market. The NewWave Silver Exchange Traded Note (ETN) was dual-listed on the NSX on Friday under the code NWNSLV, while its main listing is on the Johannesburg Stock Exchange […] The post Namibians can now invest in silver without buying appeared first on The Namibian .
Namibian investors can now invest in silver through the Namibia Securities Exchange (NSX), following the listing of a new silver investment product on the local stock market.
The NewWave Silver Exchange Traded Note (ETN) was dual-listed on the NSX on Friday under the code NWNSLV, while its main listing is on the Johannesburg Stock Exchange under the code NEWSLV.
The listing was announced by Absa, Cirrus Securities and the NSX.
In simple terms, the product allows investors to benefit from changes in the price of silver without having to buy, store or physically own silver.
The ETN follows the price performance of silver and trades in Namibia dollars on the NSX.
