DEUTSCHE BANK LAUNCHES NEW FUTURE

INTERNATIONAL investment bank Deutsche Bank is due to launch the first of its Index Tracking Certificate markets — linked to the Alsi 40 Index — on the Johannesburg Stock Exchange on Thursday. An ITC is a financial instrument listed on the JSE. The instrument tracks the performance of a specific underlying index — in this instance the Alsi 40, which tracks the performance of the largest 40 stocks on the exchange. The ITC will effectively allow investors to ‘bet’ or speculate on the performance of the Alsi 40 index — with the performance of the ITC directly linked to the performance of this index.