ETN celebrates debut on NSX
The FNB Namibia Exchange Traded Notes (ETN) programme was officially launched on the Namibian Stock Exchange (NSX) yesterday, allowing Namibians to access global investments with listed instruments in companies such as Amazon, Apple, Hathaway and Microsoft for as little as N$10.Ian Erlank, head of RMB Namibia markets, emphasised the bank's commitment to providing consumers with tools and information for sound financial decisions, aiming to enhance their economic well-being.
Erlank highlighted the diversification opportunities and access to various asset classes, geographic regions, sectors and sustainability profiles through the ETN programme. Investors can customise their portfolios according to their objectives and preferences, expanding their global exposure.
Financial inclusion
Erlank further stressed the importance of financial inclusion in empowerment, stating that FNB's ETN programme serves as a link between economic opportunity and outcome.
He expressed excitement about offering the programme through brokers to customers, utilising technology and adapting to consumer needs within Namibia's conducive environment for financial inclusion, while embracing the concept of micro-investing for individuals.
Diversification
NSX CEO Tiaan Bazuin echoed Erlank's sentiments, emphasising the significance of the ETN product's arrival, particularly for the retail market.
He highlighted the dual goals of deepening and diversifying the market, stressing the importance of international exposure and diversification in expanding the market. Bazuin also commended FNB and RMB for expanding their roles in the capital market beyond traditional banking.
As the ETN programme is listed on the NSX, the 10 ETNs can be purchased directly through any local NSX stockbroker, eliminating the need for complex offshore account opening processes.