ETF > PRODUCT DETAIL

NewGold ETF

SOUTH AFRICA

Overview

All Listings

*denotes Primary Listing

Summary

Portfolio

Price

NAV Price

as at 22 May 2024

R 406.83

Change (1 day)

R 0.42 (0.10%)

This is the price of one unit in the fund based on the value of its underlying investment.

Risk Rating

HIGHRISKLOWMODERATEHIGH

This is the product's synthetic risk and reward indicator (SRRI), an industry standard measure running from low to high

Annual Management Fee

0.300%

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

Objective

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.

About the Benchmark

Gold Spot

The Spot price of Gold. Gold is a well known precious metal traded in US dollar per fine ounce.

Past Performance

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.

Fund Data

Launch Date01 Nov 2004
DomicileSouth Africa
CurrencyZAR
IssuerNewGold Issuer Ltd
ManagerNewGold Manager (Pty) Ltd
TrusteesMaitland Trust Limited
Market MakerAbsa Corporate and Investment Bank
Stock ExchangeJSE
Exchange CodeGLD
ISINZAE000060067
Bloomberg CodeGLD.SJ Equity`
RIC Code