ETFRHO - 1nvest Rhodium ETF

Apr 17, 2025 at 16:34 Twitter · Facebook

ETFRHO share price on Johannesburg Stock Exchange

The 1nvest Rhodium ETF (ETFRHO) is a rhodium-linked exchange traded fund evidenced by debentures issued by 1nvest ETF Issuer (RF) Limited. The aim of the debentures is to provide investors exposure linked to the rand performance of the underlying commodity being rhodium. The ETFRHO debentures are fully backed by physical rhodium, approximately equivalent to 1/100 ounces of the commodity and the value of which are expected to rise or fall in accordance with fluctuations in the rand price of rhodium. The underlying rhodium of the debentures are held in safe custody on behalf of investors by an approved custodian.

1nvest ETF Issuer (RF) Limited is a special purpose vehicle, the sole purpose of which, in terms of its Memorandum of Incorporation, is to conduct the business of ETFs by issuing debentures, which are fully backed by physical commodity. 1nvest does not have any employees of its own but is managed by The Standard Bank of South Africa Limited which has agreed with the issuer in terms of which Standard Bank will perform the daily functions for 1nvest. However, in order to meet its operating expenses, 1nvest ETF Issuer (RF) Ltd charges an annual fee of 0.75% (excluding VAT) of the value of the underlying rhodium held in custody.

1nvest Rhodium ETF is listed on the Johannesburg Stock Exchange (JSE). 1nvest Rhodium ETF is traded on the JSE under the ticker symbol “ETFRHO”. The International Securities Identification Number (ISIN) of JSE:ETFRHO is ZAE000210787. 1nvest Rhodium ETF is currently the 318th most valuable stock on the JSE with a market capitalization of ZAR 323 million, which makes about 0.0015% of the Johannesburg Stock Exchange equity market.

ETFRHO Stock Market Performance

The current share price of 1nvest Rhodium ETF (ETFRHO) is ZAR 919.24. ETFRHO closed its last trading day (Thursday, April 17, 2025) at 919.24 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2% drop from its previous closing price of 937.98 ZAR. 1nvest Rhodium ETF began the year with a share price of 767.01 ZAR and has since gained 19.9% on that price valuation, ranking it 26th on the JSE in terms of year-to-date performance. Investors should, however, take caution of ETFRHO’s recent bad performance, having lost 7% of its value in the past four weeks.

1nvest Rhodium ETF is the 330th most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 20 - Apr 17, 2025). ETFRHO has traded a total volume of 365,119 shares—in 579 deals—valued at ZAR 333 million over the period, with an average of 5,796 traded shares per session. A volume high of 217,430 was achieved on April 4th, and a low of 5 on February 14th, for the same period. The table below details the last 10 trading days of activity of 1nvest Rhodium ETF on the Johannesburg Stock Exchange.

Profile of 1nvest ETF Issuer (RF) Limited

1nvest ETF Issuer (RF) Limited operates in the Financials sector, specifically, the Investment Services industry.

ETFRHO Industrial Market Competitors

1nvest ETF Issuer (RF) Limited, issuers of the ETFRHO, 1nvest Gold ETF (+26%), 1nvest TOP 40 ETF (+9.35%), 1nvest SWIX 40 ETF (+7.22%), 1nvest Platinum ETF (+5.75%), 1nvest Palladium ETF (+5.14%), 1nvest G7 Govt Bond ETF (+4.49%), 1nvest USD Short-Dated ETF (+1.87%), 1nvest Global REIT ETF (-0.4%), 1nvest MSCI EM Asia ETF (-0.85%) and 1nvest SA Property ETF (-1.78%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange