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Barclays to list ETFs on NSX

Barclays to list ETFs on NSX

Photo by Bloomberg

15th September 2014

By: Creamer Media Reporter

  

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Barclays Africa will list its NewGold, NewPlat and NewPalladium exchange traded funds (ETFs) on the Namibia Stock Exchange (NSX), giving investors in the Southern African country the opportunity to invest directly in these precious metals in Namibian dollars.

The listing marks the first time that Barclays Africa has listed its three flagship ETFs simultaneously on one exchange.

“ETFs have not been available to Namibian investors until now on the NSX. With the listing of NewGold, NewPlat and NewPalladium on the NSX, Barclays Africa is creating a new asset class for Namibian investors while simultaneously increasing the liquidity of the NSX and deepening financial markets in Namibia,” said Barclays Africa Corporate and Investment Banking division head of exchange traded products Vladimir Nedeljkovic.

NewGold, NewPlat and NewPalladium have been granted local asset status allowing investors to access a local investment while enjoying the benefits of ETFs.

The first day that Namibian investors will be able to trade in these new assets will be September 19.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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