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.