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About the ETF: NewGold ETF [JSE:GLD]

by , 18 September 2015

NewGold exchange traded fund (ETF) tracks the spot price of gold. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: NewGold ETF
Short name:
NEWGOLD
Ticker: GLD
Sector: JSE listed funds


Five top facts about NewGold ETF


Fact #1:
ETFs are passively managed funds, which aim to track the performance of an underlying index or, in this case, the price of a precious metal. ETFs are listed on the stock market and trade just like shares.

Fact #2:
NewGold ETF listed on the Johannesburg Stock Exchange in November 2004. Absa Bank is behind the fund.

Fact #3:
NewGold ETF tracks the spot price of gold as determined in rands. One NewGold ETF is the equivalent of 1/100th an ounce of gold.

Fact #4:
NewGold ETF is for investors who want exposure to physical gold in their portfolio. The ETF is also Shari’ah compliant. NewGold is also a rand hedge.

Fact #5:
NewGold currently holds over 879,000 ounces of gold.


Chart of NewGold ETF’s share price


Chart of NewGold ETF's share price


Financial information


For more financial information about NewGold ETF, click here.

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About the ETF: NewGold ETF [JSE:GLD]
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