Palladium

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.

MARKETS

Markets
TSX19505.33-187.59
TSXV654.76+8.72
DOW32396.17-402.23
S&P 5004091.19-27.44
NASD12348.76-20.22
ASX6998.10+5.10

COMMODITIES

Commodities
Gold1769.02+12.68
Silver20.01+0.15
Copper3.53+0.01
Palladium2087.45+33.45
Platinum901.50+9.51
Oil94.41-0.01
Heating Oil3.40+0.02
Natural Gas7.72+0.01

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