PROFILE





South Africa
Phone:
Fax:
Web Site:www.absa.co.za


DETAILS
 
Index Membership: Nov 16 2011





Sector: Commoditiy
Industry: Gold ETF
Full Time Employees: 0



CORPORATE GOVERNANCE
 
NewGold Issuer Limited (NewGold) is a special-purpose vehicle incorporated for the sole purpose of conducting an exchange traded fund (ETF), which helps investors to invest in a debt instrument, the value of which tracks the price of gold bullion. The entire issued share capital of NewGold is held by the NewGold Owner Trust (the Trust).
 

KEY EXECUTIVES
 
  Pay Exercised

BUSINESS SUMMARY
 
NewGold Issuer Ltd is a special purpose company registered in South Africa. The company is set up to issue Gold Bullion Securities. Gold Bullion Securities are designed to track the spot gold price less fees. GBS provides investors the opportunity of investing in the gold bullion market without the necessity of taking physical delivery of gold. This ETF invests around the globe in Gold assets. This is the first ETF to list on the Nigerian Stock Exchange.
 
 
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