About the ETF: NewPlat ETF [JSE:NGPLT]

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

Full name: NewPlat ETF
Short name: NEWPLAT
Ticker: NGPLT
Sector: JSE listed funds

Five top facts about NewPlat 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 have listings on the stock market, trading just like shares.

Fact #2:
NewPlat ETF listed on the Johannesburg Stock Exchange in March 2013. Absa Bank is behind the fund.

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

Fact #4:
NewPlat ETF is for investors who want exposure to physical platinum in their portfolio. The ETF is also Shari’ah compliant.

Fact #5:
NewPlat currently holds over 1.18 million ounces of platinum.

Chart of NewPlat ETF’s share price

Financial information

For more financial information about NewPlat ETF, click here.


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Tags: newplat etf, ngplt, newplat share price, jse, johannesburg stock exchange, etfs,