'''Jogoo wa mjini .... [drake] anena ' I'm talking Equity derivatives e.g.(Can-Do-Options),Metal ETF exposure and ETN's reportedly coming as early as 2010. The products allow for the employment of leverage and give exposure to different and diverse asset classes.
The mother-of-them-all though are the Commodity futures (derivatives) that started trading about 19 calendar days ago covering platinum,gold and crude.
A single contract is for 100 barrels of oil. Margin for the December 09 contract is R 5,700 (Kshs. 55,897)* per 100 barrel contract (Kshs. 586,996.65) i.e for Kshs. 56,000 you get exposure to an asset worth ~ Kshs. 586,000 with spread margin of R 1,700 (Kshs. 16,770). The Exchange Fee is R 10 (Kshs. 90.86) per contract.
If you feel you've conquered the local market (and I sense some of you have) why not step out and try to roll with the big boys? '''
Wooooo! I second this idea; the real McCoy of investments,wazee it could never get any better than this, if there is strictly an African commodities ETFs ( Exchange Traded Funds),for gold,silver,... and others like copper,uranium ... oil,coal,NG ... tell us what is specifically listed and if tradable at NYSE as ADRs.
Kindly drop me some more specific information at
ws_odysseus@yahoo.com ... very nice stuff
Oil futures may correct a bit to high 60s immediate term,but,then,they will explode to near 100 short term AIMMHO
Always jogoo wa shambani asili Koo Koo Roo!