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Learn how to invest in the New Gold ETF Nigeria with ease. This guide provides all the information you need to start investing in this lucrative opportunity.
A Gold ETF, or Exchange-Traded Fund, is an investment fund that trades on the stock exchange and aims to track the performance of the price of gold.
It provides investors with an opportunity to invest in gold without actually owning physical gold.
The New Gold ETF in Nigeria is a recently launched ETF that allows Nigerian investors to participate in the gold market.
Introducing NEWGOLD ETF
One of the major gold ETFs available for investment in Nigeria is NEWGOLD ETF. Managed by NewGold Managers Limited and backed by Vetiva Capital Management Limited, this ETF tracks the current rand price of gold. It is traded on the NGX exchange and is currently priced at N8800 per share.
Why Invest in Gold ETFs?
There are several advantages to investing in NEWGOLD ETF:
- Diversification:Â By investing in NEWGOLD ETF, you can diversify your portfolio and reduce the risk associated with holding a single asset. Gold has historically had a low correlation with other asset classes, making it an effective diversification tool.
- Liquidity:Â NEWGOLD ETF can be bought and sold on the NGX exchange, just like any other stock. This provides investors with instant liquidity, allowing them to enter or exit their positions at any time.
- Professional Management:Â NEWGOLD ETF is managed by professional investment managers who have expertise in the gold market. These managers actively monitor and adjust the portfolio to optimize returns for investors.
- Regulation and Risk Management:Â ETFs are regulated by the exchange on which they are traded, providing investors with an added layer of protection. Additionally, risk management techniques are put in place to mitigate counterparty and market risks.
How to Invest in the New Gold ETF in Nigeria
Investing in the New Gold ETF in Nigeria is a simple process.
Here are the steps to get started:
- Open a brokerage account: To invest in the New Gold ETF, you will need to open a brokerage account with a reputable stockbroker in Nigeria. Ensure that the broker is registered with the Securities and Exchange Commission (SEC) of Nigeria.
- Complete the account opening process: Once you have selected a stockbroker, you will need to complete the account opening process. This may involve filling out an application form, providing identification documents, and funding your account.
- Place an order: Once your brokerage account is opened and funded, you can place an order to buy units of the New Gold ETF. You can do this through your stockbroker’s online trading platform or by contacting their customer service.
- Monitor your investment: After purchasing units of the New Gold ETF, it is important to regularly monitor your investment. Keep track of the performance of the ETF and stay updated with any news or developments that may impact the price of gold.
Conclusion on How To Invest In New Gold ETF Nigeria
Investing in the New Gold ETF in Nigeria can be a lucrative opportunity for investors looking to diversify their portfolios and take advantage of the potential benefits of investing in gold.
By following the steps outlined above, you can start investing in the New Gold ETF and potentially benefit from the performance of the gold market.
