New Gold ETF
Fund Objective
NewGold continuously tracks the gold spot price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100th ounce of gold and is fully backed by holdings of gold bullion with the NewGold Custodian, ICBC Standard Bank. NewGold ETF complies with Shariah Law.
Key Information
Fund Manager |
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Fund Structure |
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Fund Type |
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Fund Launch Date |
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Fund Benchmark |
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Fund Size (₦m) |
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No of Unit Holders |
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Fund Base Currency |
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Custodian |
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Trustees |
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Minimum Investment Amount
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Additional Investment
Amount |
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Minimum Holding Period (No
of Days) |
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Early Redemption Penalty
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Risk Grade |
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Valuation Period |
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