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About the ETF: Standard Bank AfricaGold ETF [JSE:ETFGLD]

by , 18 August 2015

Standard Bank AfricaGold exchange traded fund (ETF) tracks the rand value of gold. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: Standard Bank AfricaGold ETF
Short name: AfricaGld
Ticker: ETFGLD
Sector: JSE listed funds

Five top facts about Standard Bank AfricaGold ETF

Fact #1:
Exchange traded funds (ETFs) are funds listed on the stock market, which are passively managed. They track the performance of an underlying index or asset. ETFs trade on the stock exchange just like shares.

Fact #2:
Standard Bank AfricaGold ETF listed on the Johannesburg Stock Exchange in April 2014.

Fact #3:
Standard Bank AfricaGold ETF tracks the performance of the rand value of gold. Backing the fund is physical gold, which is stored and secured in custodian vaults.

Fact #4:
Standard Bank AfricaGold ETF has assets under management of R28.626 million.

Fact #5:
As the Standard Bank AfricaGold ETF’s underlying precious metal is gold, it gives investors exposure to physical gold without having to take delivery of the metal itself.

Chart of Standard Bank AfricaGold ETF’s share price

Chart of Standard Bank AfricaGold ETF's share price

Financial information

For more financial information about Standard Bank AfricaGold ETF, click here.

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About the ETF: Standard Bank AfricaGold ETF [JSE:ETFGLD]
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