GLOSSARY

ITRIX

26 January 2017 By PDSNET

A joint initiative by the JSE and Deutsche Bank to offer South African investors a method of investing in overseas markets using rands on the JSE. There are five Itrix ETF's trading on the JSE: the DJ EURO STOXX 50 Index, the FTSE 100 Index, the MSCI USA Index, the MSCI Japan Index and the MSCI World Index ETF. These ETF's allow you to diversify your investment away from South Africa and to protect yourself against any weakness in the rand. One of the advantages is that you don't have to worry about exchange control restrictions. Of course, if the rand strengthens then these ETF's will perform badly. For a complete list of ETF's and what they offer go to https://www.etfsa.co.za/

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