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Absa gets approval for SA palladium ETF

Posted on 01 October 2013

South Africa’s Absa Capital has received regulatory approval for its planned Johannesburg-listed palladium exchange-traded fund and hopes to launch the product by the end of the year, a spokesman for Absa said.
The fund will be backed exclusively by palladium sourced in South Africa, Absa’s head of investments Vladimir Nedeljkovic said on Sunday on the sidelines of the London Bullion Market Association’s annual conference. “We have regulatory approval, and we’re now basically just finalising a couple of small things,” Nedeljkovic said………………………………………..Full Article: Source


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