Not a bad year considering the wall of worry around the earth quake in Japan, nationalisation and the EU debt crisis.

Fini -5%

Indi +4%

Resi -4.2%

DAX +5.5%

CAC+3%

Dow +6%

FTSE -0.7%

Nikkei 225 -4%

Brent +20%

Gold +7%

Rand gold +9%

Rand/US$ -2.6%

Plat -1.2%

Goldone +54%

Bell +43%

Mondi +30%

EXX +26%

PSG +20%

BTI +16%

KMB +12.8%

OML +12.8%

RCH +11.8%

Simmers -97%

EastPlats -53%

1Time -53%

UUU -41%

SCL -37%

Grindrod -23%

Implats -23%

PPC -22.9%

GFI -21%

Aveng -16.3%

ANG -15.3%

AMS -10.3%

Deutsche Bank listed 3 Exchanged Traded Notes (ETNs) today (5 July 11). These JSE-listed instruments offer a cost-efficient, convenient and liquid solution for South African investors wishing to invest into Emerging Market regions and countries without utilising their offshore allowances.

The ETNs will track the following Indices:
 

MSCI Emerging Markets Total Return Index
This is a free float adjusted market capitalisation index and currently includes companies across 23 Emerging Market countries. The shares listed in the BRIC countries (Brazil, Russia, India and China) account for approximately 50% of the Index whereas South Africa shares account for approximately 7.5%.

MSCI China Total Return Index
This is a free float adjusted market capitalisation index and includes approximately 150 companies incorporated in the Peoples Republic of China (listed in USD on the Shanghai Stock Exchange or the Shenzhen Stock Exchange (in HKD), or listed in HKD on the Hong Kong Stock Exchange).

MSCI Africa Top 50 Capped Total Return Index
This is a free float adjusted market capitalisation index and only includes shares listed in MSCI EFM Africa countries which currently includes Egypt, Kenya, Mauritius, Morocco, Nigeria, South Africa and Tunisia. In addition to the country filter, the index also applies a liquidity filter so that only securities with an annualised traded value greater than USD 200 million will be considered for inclusion. The top 50 shares ranked according to free float adjusted market capitalisation are selected from the remaining list.

An ETN is a contractual obligation made by Deutsche Bank, as the issuer to pay the holder of the ETN a return which is linked to the performance of the relevant underlying index.

The ETNs are issued with a fixed term but investors can buy and sell the ETNs in the secondary market as would a share during normal JSE trading hours. The ETNs will trade in Rand but as the offshore Indices are referenced in USD, investors will benefit from any depreciation in the Rand against the USD.

The ETNs track Total Return Indices and as Total Return indices calculate the performance assuming dividends and any other distributions are reinvested, the ETNs will not pay any distributions.

More at www.x-markets.co.za

The Johannesburg Stock Exchange invites you to our next Power Hour presentation. This series of presentations will educate you on the principles of investing and the latest issues in the South African economy.

Adrian Saville of Cannon Asset Managers is one of South Africa's leading value investors (otherwise known as contrarian investors who buy stocks nobody else wants). Cannon is rated as the deepest value manager in SA by Moringstar. Adrian will point out trading opportunities in a 3D World.

DATE - Thursday, 21 July 2011

TIME -17h30 - 18h30 (Starts at 17h30 Sharp)

VENUE -Johannesburg Stock Exchange, Auditorium, One Exchange Square, Gwen Lane, Sandown.

PARKING -JSE Basement. Limited parking bays

To book please go here.

To attend the webinar of this event book here.

I will be presenting the next JSE Power Hour on 28 July and the topic will be trading psychology with a particular focus on fear and how to manage it. Trading is all about psychology and emotions and the two we grapple with the most are fear and greed coupled with our own emotional biases.

You can attend live here or via webinar here.

DATE - Thursday, 28 July 2011

TIME - 17:30 - 18:30

VENUE - Johannesburg Stock Exchange, Auditorium, One Exchange Square, Gwen Lane, Sandown, Johannesburg

PARKING - JSE Basement. Limited parking bays

Simon Brown

twitter.com/SimonPB

Standard Bank have listed four new commodity ETN's to go with their Gold, Silver, Platinum and Palladium ETN's listed last year.

Copper
SBACOP - tracks copper futures

Wheat
SBAWHT - tracks wheat futures

Corn
CBACRN - tracks corn futures

Oil
SBAOIL - tracks WTI futures

The info on exactly which exchange futures is a little thin and I am hunting out more info.

They are all exchange traded as per normal and add to the Oil and Coal ETN's from RMB giving traders and investors an ever growing selection of commodities.

Simon Brown

twitter.com/SimonPB
 

With the Tuesday deadline for the debt ceiling to be raised here's who actually holds USdebt, not tht they will default. A solution of sorts will be hammered out right about the last minute.

Source: Global Insight, SG Cross Asset Research/Economics