ETFCentral
1nvest Africa Gold ETF (ETFGLD)
Summary
Issuer
1nvest
Short Code
ETFGLD
Launch Date
7 April 2014
Index Tracked
N/A
Ticker Symbol
JSE:ETFGLD
Exposure
Local/Offshore
Local
Asset Class
Commodities
Cost
TER
0.25%
Smart Beta
Smart Beta
No
Smart Beta Type
N/A
Dividends
Distribution Dates
No distributions payable
Last Dividend Payout
N/A
Next Dividend Payout
N/A
Detailed Description
AfricaGold ETFs are backed by physical gold, stored and insured in secured custodian vaults. Each gold ETF will have recourse to good delivery gold bars. The gold is segregated, individually identified and allocated in secured vaults.
Africa ETF is not allowed to introduce any outside risks into the gold ETFs including leasing of the precious metals. Each gold ETF unit has an entitlement to an amount of gold and is referred to as the metal entitlement factor (or asset allocation factor). The metal entitlement factor changes daily to reflect the ETF’s management fee.
Africa ETF is not allowed to introduce any outside risks into the gold ETFs including leasing of the precious metals. Each gold ETF unit has an entitlement to an amount of gold and is referred to as the metal entitlement factor (or asset allocation factor). The metal entitlement factor changes daily to reflect the ETF’s management fee.