Sourcing Palladium May be a Problem for Absa Capital

Reuters reported that the platinum fund of South Africa’s Absa Capital has so far enjoyed great success, noting that the firm’s forthcoming palladium fund may also do well if it can overcome the challenges obstructing its launch.

As quoted in the market news:

But there are challenges ahead for Absa as it pushes to launch the fund. The greater difficulty in sourcing palladium than platinum within South Africa is likely to curb the rate at which palladium could be added to an ETF, analysts said.

Vladimir Nedeljkovic, head of investments at Absa Capital said the bank recognised that sourcing the metal was one of its major challenges. “We are aware of that and we are working on that,” he said, without giving details.

Click here to read the full Reuters report.