The South African unit of Deutsche Bank has rolled out three new exchange-traded notes (ETNs), Bloomberg reports. The notes will target local investors seeking to channel their money into the rest of the continent, China and other emerging markets.
The ETNs have started trading on the Johannesburg Stock Exchange. They are benchmarked against the MSCI Emerging Markets Total Return Index, the MSCI China Total Return Index and the MSCI Africa Top 50 Capped Total Return Index.
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