ETFCentral


1nvest

1nvest Africa Rhodium ETF


Summary

Issuer
1nvest
Short Code
ETFRHO
Launch Date
4 December 2015
Index Tracked
N/A


Exposure

Local/Offshore
Local
Asset Class
Commodities


Cost

TER
0.75%


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

AfricaRhodium ETFs are backed by physical rhodium, stored and insured in secured custodian vaults. Each rhodium ETF will have recourse to good delivery rhodium bars. The rhodium is segregated, individually identified and allocated in secured vaults.

Africa ETF is not allowed to introduce any outside risks into the rhodium ETFs including leasing of the precious metals. Each rhodium ETF unit has an entitlement to an amount of rhodium 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.