n Personal Finance Newsletter - Itrix : offshore Holy Grail? : offshore investing




Extracted from text ... Moneyweb's PERSONAL FINANCE January 2006 5 ITRIX provides South African investors with an ultra-cheap entry into Europe's blue chip shares. It is popular, too, for its ability to bypass exchange controls - retail investors may place as much money as they like into Itrix. Launched on 19 September 2005, Itrix is the JSE's newest exchange-traded fund (ETF). An ETF is simply a fund that provides investors with a cheap entry into a basket of shares, typically an index. A joint initiative between the JSE and Deutsche Bank, Itrix offers investors exposure to two indices: the FTSE 100 and the ..


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