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.