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IBTimes takes a look at what’s available to investors in South Africa noting ETFs are a good place to start.
IBTimes takes a look at what’s available to investors in South Africa noting ETFs are a good place to start.
As quoted in the market news:
First Trust ISE Global Platinum Index Fund (NYSE: PLTM)We profiled the unheralded First Trust ISE Global Platinum Index Fund earlier this year and the ETF proceeded to gain about 10% immediately following that piece. PLTM has slid since early March as investors have dialed back their appetites for risk, but the ETF remains a valid way to get exposure to South Africa.
Not only is South Africa the world’s largest platinum-producing country, its the second-largest palladium producer behind Russia. PLTM also offers significant palladium exposure and South Africa represents nearly 30% of the ETF’s country weight. If PLTM breaks support at $18, it’s time to bail.
Click here to read the full IBTimes report.