Pension Funds and Alternative Investments Africa is a global conference at which leading pension funds, fund managers, asset managers and regulatory and administration Heads come together to enhance and shape asset allocation, risk management, equity, real assets, and analysis.
When it comes to offering alternative investments that deliver sustainable, long-term returns, Absa CIB will makes its presence felt at this year’s showcase with two offerings, the NewGold and NewPlat, both backed by South Africa’s top precious metals.
NewGold gives clients the chance to invest in a listed security that is equivalent to 1/100 ounces of real gold. NewGold debentures are listed on seven African stock exchanges (South Africa, Botswana, Ghana, Nairobi, Nigeria, Namibia, Mauritius) and, since its launch, it has attracted over R21 billion investments thanks to its healthy returns. Gold is also an excellent South African rand hedge as well as a hedge against US dollar depreciation.
NewPlat is the only ETF on the JSE that gives investors the opportunity to obtain exposure to the Rand performance of platinum. Each NewPlat debenture is fully backed by physical platinum equal to 1/100th of a fine troy ounce of platinum bullion. Its low to negative correlation makes it an excellent portfolio diversifier and its rarity as a metal provides long-term investment stability.
Both are easy to track and trade, attract low administration fees and, with both the physical gold and platinum securely stored, NewGold and NewPlat are undoubtedly Africa’s most precious ETFs.
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