Mike Brown, Managing Director, etfSA.co.za
The NewGold ETF (GLD) issued by Absa Capital, is the most successful South African ETF measured by size. First listed on the JSE in November 2004, it now has 137 million shares in issue with a market capitalisation of over R18 billion. The next biggest ETF is Satrix 40, with a market cap of R7,1 billion.
In addition, NewGold has been amongst the top two performing retail investment funds over periods of 1, 2 and 5 years.
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