Name: NewWave GBP ETN
Brand: Absa

Summary

Portfolio

Price

NAV Price
as at 01 Apr 2026
R 22.44
Change (1 day)
R -0.02 (-0.10%)

This is the price of one unit in the fund based on the value of its underlying investment.

Risk Rating

This is the product's synthetic risk and reward indicator (SRRI), an industry standard measure running from low to high

Interest Rate Spread

0.200%

Transaction costs apply

Ongoing charges include management fees and costs we incur to run the fund.

Transaction costs are incurred when the funds buy or sell holdings and includes expenses such as broker commissions

Objective

Each NewWave GBP Currency Exchange Traded Notes (ETNs) is designed to provide investors with an easy-to-access and liquid investment in Great British Pounds, similar to having a currency deposit account with a financial institution. Any potential investor should, prior to investing ensure that they have some understanding of currencies and how they trade. Each note equals a fixed principal amount of £1 and will accrue interest on a daily basis at the Sterling Overnight Indexed Average Rate (SONIA) minus a 0.20% interest rate spread. Interest will be distributed on a semi annual basis. Fees: No fees are charged, the Issuer earns the interest rate spread.

About the Benchmark

GBP/ZAR Exchange Rate

Past Performance

as at date:

Source: Absa Corporate and Investment Bank

Disclosure: The investment performance represented is for illustrative purposes only and is calculated by taking into account JSE closing prices. Past performance is not indicative of future performance. An individual investor's performance may differ from the Portfolio NAV performance displayed as a result of factors such as any fees, brokerage, actual investment date, DWT and other costs.

Fund Data

Launch Date	12 Mar 2012
Domicile	South Africa
Currency	ZAR
Issuer	Absa Bank Limited
Manager	Absa Bank Limited
Trustees	Absa Bank Limited
Market Maker	Absa Corporate and Investment Bank
Stock Exchange	JSE
Exchange Code	NEWGBP
ISIN	ZAE000162558
Bloomberg Code	NEWGBP:SJ
RIC Code	NEWGBPJ.J