1nvest gold, platinum ETFs list on NSX

Staff Reporter – Specialist index tracking fund provider 1nvest, a collaboration between Standard Bank, Liberty and STANLIB, on Friday announced the listing of its gold and platinum exchange traded funds on the Namibian Stock Exchange (NSX).

The 1nvest gold and platinum exchange traded funds (ETFs) listed on the NSX with effect from Friday, providing Namibian investors with further opportunity to invest in assets that support their diversification strategies on their local exchange.

“Precious metal ETFs are designed to offer investors a secured, simple, and cost-efficient way to procure direct access to the precious metal market,” says Johann Erasmus, executive of 1nvest.

“Currently, we are experiencing one of the most volatile periods in recent history. Investors who seek a certain amount of stability may consider increasing their exposure to safe-haven assets like gold through an ETF structure.”

The listing of the gold and platinum ETFs on the NSX follows the successful listing of 1nvest’s palladium ETF in 2015 when it was still trading under the AfricaETF name.

“The additional listings appropriately mark the celebration of 1nvest’s first birthday in October, and is another milestone reached for this new and exciting proposition in the market,” says Erasmus.

‘SIMPLE, TRANSPARENT’

1nvest is geared specifically to provide simple, transparent and cost-effective passive investment products including passive unit trusts and ETFs. It is the product of collaboration from all three businesses under the Standard Bank Group, Africa’s largest financial services organisation, combining existing index funds, experience and expertise to provide clients with a comprehensive range of 28 index tracing funds across multiple asset classes and geographies.

Since launching, 1nvest has gone from strength to strength. The specialist index tracking fund offering has won awards and diversified its offering through its Shari’ah compliancy certification for its wide range of commodity ETFs.

1nvest was recognised at the SALTA 2020 Awards by winning in two categories. The awards recognised the 1nvest Rhodium ETF for the best total investment return over three years. The 1nvest Top 40 ETF was recognised for its tracking efficiency over a three-year year period.

1nvest’s arrival on the scene matches a growing trend of index investing or passive investing uptake in more developed markets. According to Moody’s Investor Services, the adoption of passive investing in the US continues unabated with US passive investment funds set to overtake active funds by 2021.

“ETFs are great tools to give an investor exposure to the market and help to add an element of diversification to a portfolio. As building blocks, we see 1nvest ETF offering investors a way to gain the desired exposure, allowing individuals to tailor portfolios to meet their investment goals.” concludes Erasmus.