1nvest announces listing of gold and platinum ETFs on NSX

Specialist index tracking fund provider 1nvest, a collaboration between Standard Bank, Liberty and STANLIB, has announced the listing of its gold and platinum Exchange Traded Funds (ETFs) on the Namibian Stock Exchange (NSX).

In a media statement issued by Standard Bank on Friday, 1nvest Executive Johann Erasmus said listing 1nvest on the NSX provides Namibian investors with further opportunity to invest in assets that support their diversification strategies on their local exchange.

The 1nvest gold and platinum ETFs listed on the NSX with effect from 16 October 2020.

Precious metal ETFs are designed to offer investors a secure, simple and cost-efficient way to procure direct access to the precious metal market, Erasmus said.

“Currently, we are experiencing one of the most volatile periods in recent history. Investors who seek a certain amount of stability may consider increasing their exposure to safe-haven assets like gold through an ETF structure,” he added.

The listing of the gold and platinum ETFs on the NSX follows the successful listing of 1nvest’s palladium ETF in 2015 when it was still trading under the AfricaETF name and the additional listings appropriately mark the celebration of 1nvest’s first birthday in October.

“1nvest was recognised at the South African Listed Tracker Funds Awards 2020 by winning in two categories – the 1nvest Rhodium ETF for the best total investment return over three years; and the 1nvest Top 40 ETF was recognised for its tracking efficiency over a three-year period,” the statement said.

Source: Namibia Press Agency