NewPlat debuts on BSE :: Mmegi Online

The new platinum Exchange Traded Funds (ETF), NewPlat is expected to perform higher than other ETFs, as demand for platinum is high in the market.

NewPlat is an instrument through which one can invest directly in physical platinum bullion through the Botswana Stock Exchange. NewPlat Securities are designed to track the price of platinum, and creates an investment tool enabling institutional and retail investors to invest in a listed security that is fully backed by platinum.

Speaking at the launch of NewPlat on Friday, ABSA Head of African Markets, and Mike Chriselis said they are sure the product will perform well in the market as it is already in high demand globally. “New Platinum is in high demand globally, so for Botswana markets we are sure it will perform extremely well as the market is easily accessible,” he said.

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