Key stats
About NEW GOLD ISSUER LTD
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Inception date
Nov 1, 2004
Replication method
Physical
Dividend treatment
Capitalizes
Primary advisor
NewGold Managers Pty Ltd.
ISIN
ZAE000060067
NewGold continuously tracks the gold spot price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100th ounce of gold and is fully backed by holdings of gold bullion with the NewGold Custodian, ICBC Standard Bank.
Classification
Investing in the Absa Gold ETF listed on the NSEHello,
Investors in Kenya and the wider East African region have long had the opportunity to trade in Exchange Traded Funds (ETFs) following the launch of the Absa NewGold ETF on the Nairobi Securities Exchange (NSE). This groundbreaking ETF, also listed on the Johannesburg Stock Exchange (JSE), ha
#GLD Newgold etf on the cusp of a massive breakoutNewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move
NEWGLD - ObservationAn inverted head and shoulders has developed on the NEWGOLD etf
The instrument does well on a weaker rand / stronger gold price..
NB: This can be quite a volatile instrument to trade.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GLD trades at 54,601 ZAC today, its price has fallen −0.43% in the past 24 hours. Track more dynamics on GLD price chart.
GLD net asset value is 546.58 today — it's fallen 4.02% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GLD assets under management is 36.40 B ZAC. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GLD price has fallen by −5.37% over the last month, and its yearly performance shows a 36.32% increase. See more dynamics on GLD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −4.02% over the last month, have fallen by −4.02% over the last month, showed a 10.35% increase in three-month performance and has increased by 36.46% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −4.02% over the last month, have fallen by −4.02% over the last month, showed a 10.35% increase in three-month performance and has increased by 36.46% in a year.
GLD fund flows account for 701.80 B ZAC (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, GLD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GLD technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GLD shows the buy signal. See more of GLD technicals for a more comprehensive analysis.
Today, GLD technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GLD shows the buy signal. See more of GLD technicals for a more comprehensive analysis.
No, GLD doesn't pay dividends to its holders.
GLD trades at a premium (0.15%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GLD shares are issued by Newgold Owner Trust
GLD follows the LBMA Gold Price AM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 1, 2004.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.