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Absa Capital

NewPalladium (NGPLD)



Summary

Issuer
Absa Capital
Short Code
NGPLD
Launch Date
27 March 2014
Index Tracked
N/A
Ticker Symbol
JSE:NGPLD


Exposure

Local/Offshore
Local
Asset Class
Commodities


Cost

TER
0.40%


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

Absa CIB’s NewPalladium Exchange Traded Fund (NewPalladium ETF) is one of the simplest and cost-efficient methods for investors to invest directly in actual palladium. NewPalladium continuously tracks the palladium spot price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100th ounces of palladium and is fully backed/covered by holdings of palladium with the NewPalladium Custodian, ICBC Standard Bank.

NewPalladium is the first product in South Africa through which institutional and retail investors can securely invest directly in palladium spot.