Absa Capital lists NewGold ETF on Botswana exchange

Absa Capital, the investment banking division of Absa Bank, listed its NewGold exchange traded fund (ETF) on the Botswana Stock Exchange (BSE) on Tuesday. It listed 1,6-million NewGold securities on the BSE.

Absa Capital’s NewGold ETF hits R10bn mark

Absa Capital’s NewGold exchange-traded fund (ETF) has reached the R10-billion mark, only about two months after it broke the $1-billion mark in early June. The ETF, which was South Africa’s only on the local market, had attracted in excess of...

Absa Capital says NewGold ETF breaks through $1bn mark

Absa Capital’s NewGold exchange traded fund (ETF), the largest ETF in the South Africa, reached a milestone on Tuesday by notching up assets under management in excess of $1-billion. Tuesday’s listing of an additional 4,4-million NewGold...

Absa Capital mulling suite of commodity-linked ETFs

The investment banking arm of Absa, Absa Capital, was planning the launch of a series of commodity-linked products, one of which would be an exchange-traded fund (ETF) linked to platinum. Absa Capital head of ETFs Vladimir Nedeljkovic confirmed...

Gold safe-custody custodianship ‘no longer core', says Rand Refinery as ETF sales soar

Safe-custody custodianship of exchange-traded fund (ETF) gold bullion had been declared non-core and had ceased to be a business pursuit, Rand Refinery MD Geoff Millet said on Wednesday. The Rand Refinery is the world's largest single-site...

ETFs may hit $1-trillion level by 2010 – Absa Capital

Exchange-traded funds (ETFs) are among the fastest-growing investment instruments worldwide, says Absa Capital’s head of ETFs and index products, Vladimir Nedeljkovic. When ETFs were first started in the US in 1992, they were limited to...

ETFs may hit $1-trillion level by 2010 – Absa Capital

The ETFs market was relatively quiet until 1999, when it grew in prominence globally. Currently, ETFs worth $700-billion are listed worldwide. Some researchers have estimated that the ETFs market could reach the $1-trillion mark by the end of 2009...

Risk-averse investors prefer ETF to gold equities

As investors increasingly shun from putting their money directly into gold companies, and recent global credit woes send them seeking refuge in safer bets, South Africa's gold exchange traded fund (ETF) NewGold has already grown its funds by...

Exchange-traded funds peaks interest in gold

Gold is glowing under the investment spot-light after the listing of a gold-specific exchange-traded fund in November last year.

Exchange-traded fund's listing peaks interest in precious metal

Gold is glowing under the investment spotlight after the listing of a gold-specific exchange traded fund in November last year.

'Kruger rand's shelf-life limited'

The Kruger rand could soon be a thing of the past, Absa Corporate and Merchant Bank's Dr Vladimir Nedeljkovic, who heads up structured products in the capital and debt markets, claims.

Gold - no holds barred

It is by no accident that the concept of gold lies deeply buried like treasure in our world of metaphors: golden path, golden boy, golden rule and golden age are just a few examples of how a mineral has lodged itself in our cultural expressions.