Video: What are nil paid letters (NPLs)?

Web AdminLearn Investing

What are Nil Paid Letters (NPL’s)? Why does a company issue them? Who decides the price?
What can you do with them?
Are they a good or a bad thing?
Do you sell or take them up?

Our third in the series this week we have Sanlam (Non-Linear Beta Strategy)and Nvest Securities (Global, balanced, stable and general equity) presenting on their AMCs.
Meet the AMC Managers | Nvest Securities & Sanlam
I was at an ETFsa breakfast recently with a whole bunch of awesome people. The goody bag included an old school printed booklet of all listed ETPs. Flipping through it later that day I stumbled across a bunch from UBS that I simply never knew existed. They're all on the JSE, with offshore underlying themes/indices.
Discovering new locally listed ETNs; biotech, luxury and more
Simon Brown unpacks Moody’s US debt downgrade and what it really signals, dives into South Africa’s Budget 3.0 expectations, and breaks down the latest inflation data. He also covers key market movers: Sasol’s Capital Markets Day, Renegen’s buyout offer, and fresh results from WeBuyCars and Famous Brands. Plus, the Rand rallies, gold holds firm, and all eyes on the Oval Office for tonight’s Ramaphosa–Trump meeting.
US Debt Downgrade Not New News | Big Day for Sasol & Renergen