NewGold Issuer Limited is an investment holding company managing NewGold Exchange Traded Fund which is a Sharia-compliant exchange traded fund (ETF) launched by ABSA Capital. The fund allows institutional and retail investors the opportunity to invest in commodity markets and gold bullion. The company offers a service which tracks the gold spot price. Debentures are fully-backed by physical gold bullion with each debenture equivalent to approximately 1.100th of a fine troy ounce of gold bullion which is held with a secure depository on behalf on investors at an annual fee of 0.4% of its value. They are easily obtained through member stockbrokers in the relevant jurisdiction, through the Absa internet banking portal and in South Africa through the Investment Plan administered by Absa Investment Management Services (AIMS). NewGold Exchange Traded Fund was launched in 2004 and is domiciled in South Africa. At the time of its launch, it was the third commodity EFT in the world and, until recently, the only commodity EFT listed on the Johannesburg Stock Exchange (JSE). It has secondary listings on stock exchanges in Botswana, Nigeria, Mauritius, Namibia and Ghana.
NewGold Issuer Limited is listed on the Ghana Stock Exchange
GLD.ghGhanaian cedis54.00Thursday, 16th January 20200.00 / 0.00%52 Week Change:0.00%