1nvest gold, platinum ETFs list on NSX

19 October 2020 | Economics

Currently, we are experiencing one of the most volatile periods in recent history. – Johann Erasmus, Executive: 1nvest

Staff Reporter - Specialist index tracking fund provider 1nvest, a collaboration between Standard Bank, Liberty and STANLIB, on Friday announced the listing of its gold and platinum exchange traded funds on the Namibian Stock Exchange (NSX).

The 1nvest gold and platinum exchange traded funds (ETFs) listed on the NSX with effect from Friday, providing Namibian investors with further opportunity to invest in assets that support their diversification strategies on their local exchange.

“Precious metal ETFs are designed to offer investors a secured, simple, and cost-efficient way to procure direct access to the precious metal market,” says Johann Erasmus, executive of 1nvest.

“Currently, we are experiencing one of the most volatile periods in recent history. Investors who seek a certain amount of stability may consider increasing their exposure to safe-haven assets like gold through an ETF structure.”

The listing of the gold and platinum ETFs on the NSX follows the successful listing of 1nvest’s palladium ETF in 2015 when it was still trading under the AfricaETF name.

“The additional listings appropriately mark the celebration of 1nvest’s first birthday in October, and is another milestone reached for this new and exciting proposition in the market,” says Erasmus.

‘SIMPLE, TRANSPARENT’

1nvest is geared specifically to provide simple, transparent and cost-effective passive investment products including passive unit trusts and ETFs. It is the product of collaboration from all three businesses under the Standard Bank Group, Africa’s largest financial services organisation, combining existing index funds, experience and expertise to provide clients with a comprehensive range of 28 index tracing funds across multiple asset classes and geographies.

Since launching, 1nvest has gone from strength to strength. The specialist index tracking fund offering has won awards and diversified its offering through its Shari’ah compliancy certification for its wide range of commodity ETFs.

1nvest was recognised at the SALTA 2020 Awards by winning in two categories. The awards recognised the 1nvest Rhodium ETF for the best total investment return over three years. The 1nvest Top 40 ETF was recognised for its tracking efficiency over a three-year year period.

1nvest’s arrival on the scene matches a growing trend of index investing or passive investing uptake in more developed markets. According to Moody’s Investor Services, the adoption of passive investing in the US continues unabated with US passive investment funds set to overtake active funds by 2021.

“ETFs are great tools to give an investor exposure to the market and help to add an element of diversification to a portfolio. As building blocks, we see 1nvest ETF offering investors a way to gain the desired exposure, allowing individuals to tailor portfolios to meet their investment goals.” concludes Erasmus.

Similar News

 

South Africa's business confidence improves

11 hours ago | Economics

South Africa's business confidence improved in the fourth quarter of the year, a survey showed on Wednesday, as easing of Covid-19 lockdowns in the past...

Kenya's economic growth to rebound next year

11 hours ago | Economics

Duncan MiririKenya's economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in...

Nigerians to slide into further poverty

11 hours ago | Economics

Camille Malplat and Louise Dewast More than 200 million Nigerians will slide further into poverty as the coronavirus pandemic has sent oil prices tumbling and...

Ivory Coast raises 1 billion euros in Eurobond sale

11 hours ago | Economics

Ivory Coast's Eurobond sale this week, sub-Saharan Africa's first of the pandemic era, raised 1 billion euros (US$1.19 billion) and was five times oversubscribed, the...

Kamanjab inmates thirsty, hungry

1 day - 26 November 2020 | Economics

Edward Mumbuu Jnr – About 38 inmates at the Kamanjab police holding cells have apparently been without sufficient food since October and without water for...

Gold smuggling costs Zim US$1.5 bn a year

1 day - 26 November 2020 | Economics

Harare - A report published Tuesday by a global research group estimated that cash-strapped Zimbabwe is losing at least US$1.5 billion a year through the...

Chinese start on roads project in South

1 day - 26 November 2020 | Economics

China Henan International Cooperation Group will undertake an envisaged 35-month project for the rehabilitation and widening of the trunk road between Mariental and Keetmanshoop.The project...

Virus insurance losses to top US$107 billion

3 days ago - 24 November 2020 | Economics

Global insurance losses from the Covid-19 pandemic will be higher this year than the US$107 billion Lloyd's of London had previously estimated, its chairman Bruce...

Africa needs more than world is offering

3 days ago - 24 November 2020 | Economics

Karin Strohecker and Joe Bavier - African countries face another debt crisis and will need more long-term help than the latest G20 debt plan offers...

WTO aiming to net fishing deal

3 days ago - 24 November 2020 | Economics

Agnès Pedrero - Negotiations on banning billions of dollars in fisheries subsidies are coming to the crunch at the beleaguered World Trade Organisation, with the...

Latest News

Kenya's economic growth to rebound...

11 hours ago | Economics

Duncan MiririKenya's economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in...

Man kills, buries his partner

11 hours ago | Crime

TUYEIMO HAIDULAOKATANAA 36-year-old man has been arrested in connection with a body discovered on Wednesday at Omayanga village in the Okatana Constituency, Oshana Region. The...

Swapo holds on by fingernails

11 hours ago | Politics

TOIVO NDJEBELAWINDHOEKSwapo continued from where it left off with its downward spiral in last year's election by having its hold onto key constituencies and local...

Iipinge taps out

11 hours ago | Politics

JEMIMA BEUKESWINDHOEKOutgoing Walvis Bay Urban constituency councillor Knowledge Iipinge, who has conceded to Independent Patriots for Change (IPC) candidate Florian Donatus Tegako, says his work...

Nigerians to slide into further...

11 hours ago | Economics

Camille Malplat and Louise Dewast More than 200 million Nigerians will slide further into poverty as the coronavirus pandemic has sent oil prices tumbling and...

Hit the ground running

11 hours ago | Opinion

At the time of penning this down yesterday, the tabulation of election results was still under way. It didn’t look like a good day at...

Auto Sueco gunning the future...

11 hours ago | Politics

OGONE TLHAGEwindhoekFrom its humble beginnings in 2004, Auto Sueco Namibia is now a reckoned force in the Extra heavy and heavy commercial vehicle market with...

Ivory Coast raises 1 billion...

11 hours ago | Economics

Ivory Coast's Eurobond sale this week, sub-Saharan Africa's first of the pandemic era, raised 1 billion euros (US$1.19 billion) and was five times oversubscribed, the...

Open defecation remains a problem

11 hours ago | Health

ELLANIE SMITWINDHOEKIt is estimated that 14% of Namibians living in urban areas practise open defecation, while 77% of people living in rural areas do the...

Load More