1nvest ETF Expands Rhodium Holdings Amid Soaring Demand

  • 1nvest ETF issues 1,500 additional 1nvestRhodium debentures, responding to strong investor demand.
  • The new debentures reference approximately 14.042 fine troy ounces of Rhodium, expanding the total holdings to 2,206.208 fine troy ounces.
  • Standard Bank sponsors the issuance, bolstering credibility, and offering investors exposure to the growing demand for Rhodium.

1nvest ETF, a leading ETF issuer incorporated in the Republic of South Africa, announced the listing of additional 1nvestRhodium debentures with effect from 21 July 2023. This move comes as part of the company’s ongoing strategy to expand its holdings of precious metals and cater to the growing investor interest in Rhodium.

The recent issuance involved 1nvest ETF releasing an additional 1,500 1nvestRhodium debentures at an approximate issue price of R774.5381 per debenture. This issuance was in response to strong investor demand and follows subscriptions totaling approximately 14.042 fine troy ounces of Rhodium.

With this latest issue, the total number of 1nvestRhodium debentures in circulation will increase to 233,405, reflecting a reference to approximately 2,206.208 fine troy ounces of Rhodium. This substantial increase in Rhodium holdings positions 1nvest ETF as a significant player in the precious metals market, further diversifying its investment portfolio and providing investors with exposure to this rare and valuable metal.

Rhodium’s Soaring Demand

Rhodium, a member of the platinum group metals, has been gaining attention in the financial world due to its remarkable properties and industrial applications. As one of the scarcest elements on Earth, Rhodium has seen its demand surge in recent years, driving its market value to new heights. Investors are increasingly seeking avenues to include this precious metal in their portfolios as a hedge against inflation and economic uncertainties.

1nvest ETF’s Strategic Move

1nvest ETF’s decision to expand its Rhodium debentures offering signals the company’s commitment to meeting investors’ evolving needs and capitalizing on the potential growth in the precious metals sector. Rhodium’s unique position in various industries, including automotive catalysts, electronics, and chemical manufacturing, has made it a sought-after asset for both industrial and investment purposes.

The company’s track record of providing innovative investment opportunities in South Africa, including precious metals, equities, bonds, and other commodities, has positioned it as a preferred choice among investors looking to diversify their portfolios.

Investor Opportunities and Impact

Investors looking to participate in the Rhodium market or diversify their portfolios with precious metals will have the opportunity to do so through the additional 1nvestRhodium debentures listed by 1nvest ETF. These debentures provide a convenient and accessible means for investors to gain exposure to the Rhodium market without the need to physically acquire and store the metal.

Moreover, the increased demand for Rhodium due to its widespread industrial applications is likely to have a positive impact on its market value. As 1nvest ETF expands its Rhodium holdings, it could potentially benefit from the metal’s price appreciation, which may, in turn, positively affect the value of the 1nvestRhodium debentures for investors.

Table: Summary of 1nvestRhodium Debentures

Date of IssuanceNumber of Debentures IssuedIssue Price per Debenture (R)Total Fine Troy Ounces of Rhodium
21 July 20231,500774.538114.042

Conclusion

1nvest ETF’s listing of additional 1nvestRhodium debentures represents a strategic move to meet the rising demand for Rhodium in the global market. The expansion of Rhodium holdings through debentures will not only enhance the company’s position as a significant player in the precious metals sector but also provide investors with valuable exposure to this scarce and sought-after metal.

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