The metal EFTs available for trade are NewGold (GLD), NewPlat (NGPLT) and NewGold Palladium (NGPLD)
Chris Edwards, Head of Prime Services and Index Solutions at Absa Corporate and Investment Bank said, “We are delighted to be the first issuer to offer investors the option of transacting in our metal ETFs on an alternative low-cost platform as well as the traditional JSE. ETFs are cost sensitive and by adding a secondary listing, it allows our investors to capture not only the direct saving of lower transaction fees but also the indirect savings that accrue as result of narrower spreads and increased liquidity.”
