FNB’s offices in Fairland, Johannesburg. (View Pictures/Universal Images Group via Getty Images)
FNB has introduced eight new exchange-traded notes (ETNs) to give South African investors direct access to a range of international stocks in sectors not typically accessible to local investors.
The eight new instruments take FNB’s list of ETNs to 50, with Sebastian Pillay, head of share investing at FNB, saying the offerings are becoming increasingly popular with clients as a means of countering the shrinking universe of listed local assets on the JSE.
FNB’s eight new ETNs essentially provide local access to global stocks like tech group Nvidia, travel technology group Booking Holdings, the pharmaceutical sector through Eli Lilly, and the cybersecurity sector via Palo Alto Networks.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.