ETFCentral
1nvest Africa Palladium ETF (ETFPLD)
Summary
Issuer
1nvest
Short Code
ETFPLD
Launch Date
24 March 2014
Index Tracked
N/A
Ticker Symbol
JSE:ETFPLD
Exposure
Local/Offshore
Local
Asset Class
Commodities
Cost
TER
0.35%
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
AfricaPalladium ETFs are backed by physical palladium, stored and insured in secured custodian vaults. Each palladium ETF will have recourse to good delivery palladium bars. The palladium is segregated, individually identified and allocated in secured vaults.
Africa ETF is not allowed to introduce any outside risks into the palladium ETFs including leasing of the precious metals. Each palladium ETF unit has an entitlement to an amount of palladium 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 palladium ETFs including leasing of the precious metals. Each palladium ETF unit has an entitlement to an amount of palladium 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.