Interest heightened as historic ETF lists

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Investors snapped up 18, 225 gold-backed securities in a frenzied period of trading yesterday morning as the Botswana Stock Exchange (BSE)'s inaugural Exchange Traded Fund listed.

Absa Capital, the Exchange Traded Fund (ETF)'s originator, listed 1.6 million gold securities on the BSE yesterday morning, with each security equivalent to one one-hundredth of a gold ounce.

The gold ETF, also known as NewGold, tracks the performance of the gold price in pula terms and allows individual and institutional investors to trade in it in a similar manner to equities' trading.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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