You can now trade in gold as Nairobi bourse in another first

An ETF is a type of fund which owns the underlying assets (in this case physical unwrought gold in the form of London Good Delivery Bars) and divides ownership of those assets into shares.PHOTO:COURTESY

Individuals and institutions can now invest in South African gold bars and coins at the Nairobi Securities Exchange (NSE).

This is after the markets regulator allowed South Africa’s NewGold Issuer (RF) Limited to list its secondary assets at the bourse.