Proposed timetable of the principal events for the secondary listing

Date of publication the Supplemental Prospectus (“the Publication Date”) - 24 March 2017

Pre-listing road-show - 20 March 2017 to 24 March 2017

Listing Date/ 1st day of trading - 27 March 2017, this will be two days after the Publication Date

@Pesanane....In layman's (Wanjiko) language,,,,how much money(minimum) do i require to buy this bullion at NSE?

Another flop cc. Shiko amechoka

NEWGOLD EXCHANGE TRADED FUND

Starting From The Basics: ETF - what is this animal?
An Exchange Traded Fund (ETF) is an index fund that is passively managed and
listed on a securities exchange. Essentially, the ETF gives exposure and tracks the movement of a particular index/sector/commodity, moving in tandem with the
underlying index/sector/commodity.

A commodity ETF is therefore an ETF that gives exposure to commodities, either
through holding the commodity in physical storage, through derivative positions
or a combination of both. Additionally, a commodity ETF can invest in a single
commodity or look to track the performance of commodity index that is comprised
of a number of individual commodities.

ETFs as an investment tool - why consider NewGold ETF?

As a safe haven and direct investment tool: Given that NewGold EFT is backed by physical gold bullion bars whose performance tracks gold price at spot price, it gives the investor the opportunity to invest in gold without directly accruing the related costs of holding gold bullion, such as gold licensing and insurance fees. Of note is that the 0.4% asset management fee accrued on NewGold ETF covers all costs relating to management fees and holding gold bullions, including insurance, storage and audit. The ETF therefore enables the investor to take advantage of possible future gold price increases in an efficient manner, and is therefore an excellent long term investment
tool. Additionally, the ETF provides an opportunity to invest in gold as a “safe haven” against political and economic uncertainty. Case in point, precious metals rallied in the month of July 2016 due to uncertainty following Britain’s decision to leave the European Union.

As a hedging and diversifying tool: The NewGold ETF can be used as a two-fold hedge, in that it can hedge against volatility in the equities and fixed income markets as well as protection against inflation & depreciation of the Kenyan Shilling against the
U.S Dollar. To point out how it works, during the post-Brexit aftermath, LSE equities, the Sterling Pound and real estate prices dipped, while U.S. government bond yields hit all-time lows amid renewed market fears. On the other hand, spot gold prices hit a 2-year high, thus cushioning investors with exposure to gold and gold backed ETFs against the value erosion witnessed in other asset classes.

Given that NewGold is traded in the KES equivalent of gold spot price (quoted un USD in the international markets), an investor can hedge against a depreciating KES by purchasing the ETF today and, assuming there is little to no volatility in gold prices, sell at a later date therefore realizing one-for-one gains from a weakening KES.