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NewPalladium Exchange Traded Fund  

The NewPalladium Exchange Traded Fund (ETF) offers the opportunity to invest in palladium bullion, as it tracks the Rand price of palladium. The debentures are fully backed by physical palladium bullion with each debenture approximately equivalent to 1/100th of a fine troy ounce of palladium 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, NewPalladium Exchange Traded Fund (ETF) offers a simple and cost-effective method to invest in physical palladium bullion. NewGold Issuer Limited (RF) issues listed instruments (structured as debentures) backed by physical holding of precious metals.

For more info please click here
Certified Shari'ah Compliant

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

In May 2014, 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 NewPalladium Exchange Traded Fund (ETF) complies with Shari’ah law. As such, investment in NewPalladium debentures is in line with Islamic principles of ethical investment.

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

Benefits of investing in NewPalladium debentures
  • Backed by physical palladium bullion – no issuer risk
  • Treated as a domestic asset
  • Tracking ZAR spot price of palladium bullion – no roll risk associated with the products tracking futures price
  • Allows for decomposing of commodity risk from idiosyncratic risks associated with shares in palladium producers
  • Can be utilised as a currency hedge as well as a hedge against the Rand 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

R101.98

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

82.93

Ask price

83.18
15 minute delay

Historical performance graph

Annualised return  7.58%
Benchmark return  6.95%
Date Range
 NewPalladium ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 27 March 2014
Fiscal Year 31 March
Frequency of Dividend Payment N/A
Domicile South Africa
Currency ZAR
Manager NewGold Managers Pty (Ltd)
Trustees Maitland Trust Limited
Stock Exchange JSE
JSE Code NGPLD
Bloomberg NGPLD SJ Equity
Market Maker Absa

Asset information

Date (close) 20/02/2017
Number of listed securities on issue 21,284,696
Nav per Security (Close) R 100.75
Market Capitalisation* R 2,114,421,700.64
Reference price** 99.34
Ounces of palladium held 210,379.221
Allocation Factor 0.9883951854 (as at 21.02.2017)

Document downloads

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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.