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NewGold Exchange Traded Fund  

The NewGold Exchange Traded Fund (ETF) offers the opportunity to invest in gold bullion, as it tracks the Rand price of gold. The debentures are fully backed by physical gold bullion with each debenture approximately equivalent to 1/100th of a fine troy ounce of gold bullion, which is held with a secure depository on behalf of investors.The annual management fee is 0.4% of the value of the debenture.

Classified as a domestic investment, NewGold is the first product in South Africa through which institutional and retail investors can securely invest in gold bullion, with the added benefit of low management fees.

NewGold debentures are listed on the Johannesburg Stock Exchange (JSE), with secondary listings in Botswana (BSE), Nigeria (NSE), Mauritius (SEM) and Ghana (GSE). They’re easily obtained through a member stockbroker in the relevant jurisdiction and additionally in South Africa through the Investment Plan administered by Absa Investment Management Services (AIMS).

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Certified Shari'ah Compliant

NewGold gold debentures are non-interest based products. The issuing company, NewGold Issuer Limited (RF), was incorporated for the sole purpose of issuing securities backed by gold bullion and is not involved in any activities that are not permitted under Shari’ah Law.

In March 2008 the Shari'ah Supervisory Board of Absa Islamic Bank in South Africa, made up of scholars specialised in Islamic law, issued a ruling stating that the NewGold Exchange Traded Fund (ETF) complies with Shari'ah law. As such, investment in NewGold debentures is in line with Islamic principles of ethical investment.

NewGold therefore offers Muslim investors the opportunity to gain exposure to gold through investing in a listed Exchange Traded Fund (ETF).

Benefits of investing in NewGold debentures
  • Backed by physical gold bullion – no issuer risk
  • Treated as a domestic asset
  • Tracking ZAR spot price of gold bullion – no roll risk associated with the products tracking futures price.
  • Allows for decomposing of commodity risk from idiosyncratic risks associated with shares in gold producers
  • Can be utilised as a currency hedge as well as a hedge against US Dollar depreciation
  • Investing and realising funds is straightforward – as simple as buying and selling a single share. Liquidity maintained by the Market Maker (Absa Corporate and Investment Banking)
  • Pricing fully transparent – fair price of the debentures can be determined at any time

Previous day closing price

R132.04

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.

Current bid and offer

Bid price

131.64

Ask price

131.77
More available stock exchanges
15 minute delay
  • Bid price:
    1,887.00
    Ask price:
    1,911.00
    Bid price:
    363.77
    Ask price:
    368.43
  • Bid price:
    36.91
    Ask price:
    39.13
    Bid price:
    131.64
    Ask price:
    131.77

Historical performance graph

Annualised return  17.52%
Benchmark return  -4.14%
Date Range
 NewGold ETF
Fund data
Asset information
Document downloads
African listings

Fund data

Launch Date 2 November 2004
Fiscal Year 31 March
Frequency of Dividend Payment N/A
Domicile South Africa
Currency ZAR
Manager NewGold Manager (Pty) Ltd
Trustees Maitland Trust Limited
Stock Exchange JSE
Reuters RIC GLDJ.J
Bloomberg GLD.SJ Equity
Market Maker Absa

Asset information

Date (close) 30/09/2014
Number of listed securities on issue 130,436,300
Nav per Security (Close) R 132.35
Market Capitalisation* R 17,164,764,898.50
Reference price** 131.595
Ounces of gold held 1,253,530.55170631
Allocation Factor 0.9610289097 (as at 01.10.2014)

Document downloads

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Botswana Listing

Date (close) 30/09/2014
Number of listed securities on issue 130,436,300 (BSE only 2250000)
Market Capitalisation* P 14,045,901,019.97
Nav per Security (Close) P 108.30
Ounces of gold held 1,253,530.55170631
Allocation Factor 0.9610289097 (as at 01.10.2014)

Nigeria Listing

Date (close) 30/09/2014
Number of listed securities on issue 130,436,300 (NSE only 150000)
Market Capitalisation* 248,286,758,723.50
Nav per Security (Close) 1,914.39
Ounces of gold held 1,253,530.55170631
Allocation Factor 0.9610289097 (as at 01.10.2014)

Ghana Listing

Date (close) 30/09/2014
Number of listed securities on issue 130,436,300 (GSE only 50000)
Market Capitalisation* 4,988,478,999.70
Nav per Security (Close) 38.46
Ounces of gold held 1,253,530.55170631
Allocation Factor 0.9610289097 (as at 01.10.2014)

Mauritius Listing

Date (close) 30/09/2014
Number of listed securities on issue 130,436,300 (SEM only 150000)
Market Capitalisation* Rs 47,762,032,975.82
Nav per Security (Close) Rs 368.26
Ounces of gold held 1,253,530.55170631
Allocation Factor 0.9610289097 (as at 01.10.2014)
Copyright 2013 Corporate and Investment Banking, Absa. All Rights Reserved. Corporate and Investment Banking is a division of Absa Bank Limited, Reg No. 1986/004794/06. Authorised Financial Services Provider. Registered Credit Provider Reg No NCRCP7.