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Top platinum fund sees outflow

Posted on 12 February 2014

The world’s biggest platinum-backed exchange-traded fund, based in South Africa, reported its largest ever outflow last week after the rand platinum price hit 5-1/2 year highs, prompting domestic investors to cash in gains.
Johannesburg-based NewPlat ETF, which tracks the rand-denominated platinum price, climbed more than 12 percent from the start of the year to its late January high as the South African unit hit five-year lows against the dollar………………………………………..Full Article: Source


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