1nvest ETF Reduces Bullion Holdings in Strategic Redemption Move

• 1nvest ETF has redeemed 100,000 1nvestGold debentures, reducing its bullion holdings.
• The redemption process took place on June 6, 2023, resulting in the withdrawal of approximately 972.835 fine troy ounces of Gold Bullion.
• After the redemption, 1nvest ETF will have 1,705,000 1nvestGold debentures in circulation, representing around 16,597.717 fine troy ounces of Gold Bullion.

1nvest ETF Issuer (RF) Limited announced today the redemption of 100,000 1nvestGold debentures as part of its ongoing strategic portfolio management. This move has resulted in a decrease in the company’s bullion holdings, with approximately 972.835 fine troy ounces of Gold Bullion being redeemed.

The redemption process, which commenced on June 6, 2023, was executed with precision, allowing 1nvest ETF to adapt to prevailing market conditions and enhance the efficiency of its gold holdings. As a result, the number of 1nvestGold debentures in circulation has been reduced to 1,705,000, representing an approximate total of 16,597.717 fine troy ounces of Gold Bullion.

1nvest ETF has established itself as a prominent player in the exchange-traded fund (ETF) industry, offering investors a convenient and cost-effective way to invest in physical gold bullion through its 1nvestGold debentures. These debentures have gained popularity among investors seeking exposure to the performance of gold without the need for physical ownership.

While the specific reasons behind the recent redemption were not disclosed in the announcement, it is common practice for ETF issuers to periodically adjust their bullion holdings in response to market dynamics and to align with their investment strategies. By optimizing their gold portfolio, 1nvest ETF aims to maintain a competitive edge in the market and cater to evolving investor demands.

1nvest ETF remains committed to ensuring transparency and trust in its operations. The company works closely with its sponsor, The Standard Bank of South Africa Limited, through its Corporate and Investment Banking division. This collaboration ensures that investors receive reliable and efficient services, enabling them to make informed investment decisions.

Investors who hold 1nvestGold debentures will be duly informed about the redemption and the subsequent adjustments to their holdings. 1nvest ETF assures its investors that the redemption process will be carried out seamlessly and in accordance with established industry protocols.

The recent redemption of 1nvestGold debentures underscores 1nvest ETF’s adaptability and responsiveness to changing market conditions. By actively managing its bullion holdings, the company aims to optimize the performance of its offerings and align its portfolio with prevailing market trends.