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 ETFs listed in Botswana and Namibia 

 

On Friday of last week, 19 September 2014, the pioneering Exchange Traded Funds (ETFs) team broke new ground, yet again, on two fronts when they became the first ETF provider to list in Namibia. This follows hot on the heels of the listing of NewPlat on the Botswana Stock Exchange on 29 August 2014.

Underscoring the bank’s ‘Go-To’ credentials, the listings on the Namibian Stock Exchange (NSX) take the number of countries that Barclays Africa ETFs are listed in, across the continent, to five (excluding South Africa).

The NSX listing also marked the first time ever that Barclays Africa has listed its three flagship ETFs simultaneously on one African exchange, and, further, signals the bank’s ability to bring world class products to investors at competitive rates.

The listings of NewGold, NewPlat and NewPalladium on the NSX provides retail and institutional investors in Namibia with a new type of investment opportunity, and the chance to invest directly in these precious metals in Namibian dollars. All three ETFs have been granted local asset status in Namibia making these products very attractive for local institutional investors.

NewGold was first listed on the Johannesburg Stock Exchange in 2004 and since then on multiple African exchanges. It currently has USD 1.5bn in assets under management, backed by 40 tonnes of gold bullion.

In April 2013, Barclays Africa created the NewPlat ETF. Within a year, it became the largest platinum ETF in the world, and the largest ETF in Africa. Currently it holds 36 tonnes of physical platinum bullion underlying the securities in issue, with USD 1.6bn in assets under management. NewPlat is listed in Mauritius, Botswana and now Namibia.

NewPalladium was created in March 2014 to track the price of palladium bullion. NewPalladium currently has almost USD370m in assets, backed by close to 14 tonnes of palladium. The NSX listing is the first listing of NewPalladium outside South Africa.

Vladimir Nedeljkovic

Head of Exchange Traded Products

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.