1nvest ETF Issuer (RF) Limited has announced the issuance of an additional 21,000 1nvestRhodium debentures, further expanding its holdings in the precious metal. The move comes in response to strong investor demand and reflects the growing interest in Rhodium as an investment asset.
1nvest ETF, known for its innovative investment products, has responded to the increasing demand for Rhodium by issuing an additional 21,000 1nvestRhodium debentures. These debentures were made available for purchase starting July 10, 2023, at an approximate issue price of R752.5067 per debenture. The total number of 1nvestRhodium debentures now stands at an impressive 222,505.
Rhodium, a precious metal widely used in the automotive industry for catalytic converters and various other industrial applications, has seen a surge in interest from investors seeking to diversify their portfolios. The additional issuance of debentures by 1nvest ETF reflects the company’s commitment to meeting the evolving investment needs of its clients and capitalizing on the growing market for Rhodium.
The subscriptions for the additional 21,000 1nvestRhodium debentures total approximately 196.645 fine troy ounces of Rhodium. This increase in debenture holdings highlights the confidence of investors in Rhodium as a valuable asset. The total collective holdings of 1nvestRhodium debentures now reference approximately 2,104.151 fine troy ounces of the precious metal.