Absa CIB’s NewPlat Exchange Traded Fund (NewPlat) is one of the simplest and
cost-efficient methods for investors to invest directly in actual platinum. NewPlat
continuously tracks the platinum 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 platinum and is fully backed/covered by holdings of
platinum with the NewPlat Custodian, ICBC Standard Bank.
NewPlat is the first product in South Africa through which institutional and retail
investors can securely invest directly in platinum spot.