ETFRHO - 1nvest Rhodium ETF

Sep 30, 2022 at 14:42 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 314th most valuable stock on the JSE with a market capitalization of ZAR 385 million, which makes about 0.0021% of the Johannesburg Stock Exchange equity market.

ETFRHO Stock Market Performance

The current share price of 1nvest Rhodium ETF (ETFRHO) is ZAR 2,234.14. ETFRHO closed its last trading day (Thursday, September 29, 2022) at 2,234.14 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.4% gain over its previous closing price of 2,225.73 ZAR. 1nvest Rhodium ETF began the year with a share price of 2,099.49 ZAR and has since gained 6.41% on that price valuation, ranking it 80th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about ETFRHO knowing the stock has accrued 7% over the past four-week period—39th best on JSE.

1nvest Rhodium ETF is the 377th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 4 - Sep 29, 2022). ETFRHO has traded a total volume of 17,384 shares—in 602 deals—valued at ZAR 39.1 million over the period, with an average of 276 traded shares per session. A volume high of 6,110 was achieved on August 3rd 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 Palladium ETF (+29.28%), 1nvest Gold ETF (+2.85%), 1nvest Platinum ETF (+1.74%), 1nvest SA Bond ETF (-2.17%), 1NVEST MSCI World SRI ETF (-4.13%), 1nvest MSCI EM Asia ETF (-7.93%), 1nvest G7 Govt Bond ETF (-10.49%), 1nvest SWIX 40 ETF (-10.75%), 1nvest S&P 500 Index ETF (-12.91%) and 1nvest TOP 40 ETF (-13.7%) 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