Shares/Stocks

South African equities, also known as shares or stocks, are listed on the Johannesburg Stock Exchange (JSE) and represents a proprietary interest that a person holds in a company.

Exchange-Traded Funds

An exchange traded fund (ETF), is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike unit trusts, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.

Contracts for Difference

A contract-for-difference (CFD) is a tradable instrument that mirrors the movements of the asset underlying it. It allows for profits or losses to be realized when the underlying asset moves in relation to the position taken, but the actual underlying asset is never owned.

ALSI Futures

The ALSI (all share index) is a derivative instrument that give investors exposure to price movements on the underlying index. It consists of the largest listed companies in South Africa and is almost 100% of the market cap and liquidity of the market.

Currency Futures

An exchange traded fund (ETF), is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike unit trusts, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.

Commodity Futures

The use of Derivative Instruments through Futures and Options Contracts provides market participants with the ability to manage their price risk in the underlying physical market. You could find it useful if, for instance, you are a maize producer or wish to mitigate against a rise in the diesel price.