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NDR - New Rand

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Pacman
Occasional Contributor
Hi All Can someone please explain to me how NRD operate, I see its an exchange traded fund bt I'm not sure how it operates, what is it linked to? Thanks!
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2 REPLIES 2
Pacman
Occasional Contributor
Sorry I accidentally in my subject box said NDR, I mean NRD
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DEP
Super Contributor
MoneyWeb: ... ETFs NewRand, offers investors a quality, bespoke investment linked to developments in the rand/dollar exchange rate. NewRand comprises an equal-weighted investment in 10 "rand hedge" shares selected from the top 40 stocks listed on the JSE.
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