ETF > PRODUCT DETAIL
SOUTH AFRICA
NAV Price |
as at 02 May 2024 |
R 396.87 |
Change (1 day) |
R -4.65 (-1.16%) |
This is the price of one unit in the fund based on the value of its underlying investment.
Transaction costs apply
Ongoing charges include management fees and costs we incur to run the fund.
Transaction costs are incurred when the funds buy or sell holdings and includes expenses such as broker commissions
Absa CIB’s NewGold Exchange Traded Fund (NewGold) is one of the simplest and cost-efficient methods for investors to invest directly in actual gold. NewGold continuously tracks the gold spot price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100th ounces of gold and is fully backed by holdings of gold bullion with the NewGold Custodian, ICBC Standard Bank. NewGold is the first product in South Africa through which institutional and retail investors can securely invest directly in gold bullion. NewGold ETF complies with Shariah Law.
Gold Spot
The Spot price of Gold. Gold is a well known precious metal traded in US dollar per fine ounce.
as at date:
Source: Absa Corporate and Investment Bank
Disclosure: The investment performance represented is for illustrative purposes only and is calculated by taking into account JSE closing prices. Past performance is not indicative of future performance. An individual investor's performance may differ from the Portfolio NAV performance displayed as a result of factors such as any fees, brokerage, actual investment date, DWT and other costs.
| Launch Date | 01 Nov 2004 |
|---|---|
| Domicile | South Africa |
| Currency | ZAR |
| Issuer | NewGold Issuer Ltd |
| Manager | NewGold Manager (Pty) Ltd |
| Trustees | Maitland Trust Limited |
| Market Maker | Absa Corporate and Investment Bank |
| Stock Exchange | JSE |
| Exchange Code | GLD |
| ISIN | ZAE000060067 |
| Bloomberg Code | GLD.SJ Equity` |
| RIC Code |