A NEW TACK ON PLAT­INUM IN­VEST­ING

Finweek English Edition - - TECHNOLOGY -

With plat­inum mines sti l l i n t rou­ble, in­vestors have been f lock­ing to the newly l isted plat­inum ETF from ABSA, NGPLT, which has a mar­ket cap ap­proach­ing R5bn. Ac­cord­ing to ETFSA, the to­tal Ex­change-Traded Prod­ucts in­dus­try had a mar­ket cap of about R49bn at end-March mean­ing that in the month that NGPLT has been listed it is al­ready 10% of the sec­tors mar­ket cap, and we won­der when (or if ) it’ll catch up to the largest ETF in South Africa – NewGold with a mar­ket cap of al­most R20bn. In part, this race will be driven by the price of gold and plat­inum rel­a­tive to each other – but also de­mand, and thus far the NGPLT de­mand has been huge.

New Gold Plat­inum ETF

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