- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Mining Weekly reported yesterday that Standard Bank plans to launch three new exchange-traded funds (ETFs) — the AfricaGold ETF, AfricaPlatinum ETF and AfricaPalladium ETF — on the JSE.
Mining Weekly reported yesterday that Standard Bank plans to launch three new exchange-traded funds (ETFs) — the AfricaGold ETF, AfricaPlatinum ETF and AfricaPalladium ETF — on the JSE.
As quoted in the market news:
AfricaPalladium, which was expected to list later this week, would also be the first palladium ETF to be listed in the local market following a strong demand for the metal.
The AfricaGold and AfricaPlatinum ETFs would be listed at the beginning of April.
Each new commodity ETF would benefit from its own unique guarantee, backed by the actual commodity held by the custodian. The commodities would be inspected on a half-yearly basis to verify the quantity and quality of the commodities held on behalf of investors.
Standard Bank’s Johann Erasmus said:
The ETFs invest directly in palladium, gold and platinum, respectively, and track the rand prices of the metals. This allows investors to invest in liquid listed instruments and, because of the security structure that each ETF has, the investor has no issuer risk or risk of exposure from the other commodities held in the ETFs. Investors gain direct exposure to the commodities, investing in physical palladium, gold and platinum, which are held in vaults.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.