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About the ETF: NewPlat ETF [JSE:NGPLT]

by , 22 September 2015

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:
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

Chart of NewPlat ETF's share price

Financial information

For more financial information about NewPlat ETF, click here.

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About the ETF: NewPlat ETF [JSE:NGPLT]
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