Bringing you live news and features since 2006 

South Africa Flag small

Standard Bank to launch three new precious metals ETFs


Standard Bank is planning to launch three new precious metals exchange-traded funds on the Johannesburg Stock Exchange (JSE), including South Africa’s first physically-backed palladium ETF.

The palladium fund will launch first on 24 March, followed by gold and platinum offerings on 7 April.
Each security in the palladium fund will be backed by 1/100 of an ounce of the metal giving investors exposure to the underlying asset price without having to arrange storage or insurance.
All of the metal backing the three new funds will be sourced in South Africa meaning that the securities of the ETFs will qualify as domestic investments. Standard Bank believes this will appeal to South African funds which are only allowed to invest a maximum of 35 per cent of their total assets overseas.
"Palladium is one of the metals which is known to be produced here, and which is known to investors," says Johann Erasmus, head of the executive global structuring group at Standard Bank. "We believe there's a lot of excitement that investors can now access the metal directly." 

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by