New Gold ETF

New Gold ETF is a exchange-traded funds managed by New Gold Managers (Proprietary) Ltd. It holds NGN 1.97B in net assets, ranking #5 out of 12 mutual funds and #5 out of 12 similar funds.

This fund type should be compared with similar funds first, because net asset valueThe value of a fund's assets minus its liabilities, usually expressed in total and per unit., price, and yield figures become more meaningful when the funds have a similar mandate.

Currently, New Gold ETF's reported year-to-date yield is -2% and its reported week-to-date yield is -0.4%. Treat these as yield indicators for comparison, not as proof that the fund earned -0.4% in one week or delivered a cumulative -2% investorA person or organisation that commits capital with the expectation of a financial return. return year to date.

The bid priceThe price at which a fund or market participant buys units or securities from an investor. is NGN 55,640.00 and the offer priceThe price at which a fund or market participant sells units or securities to an investor. is NGN 61,720.00, leaving a spread of NGN 6,080.00. A wider bid-offer spreadThe difference between the price at which units can be sold and the price at which they can be bought. can matter for entry and exit pricing, so it should be checked against the manager's current dealing terms.

855 unitholders is useful context, but it should be read with net asset value because a smaller holder count can still represent meaningful institutional or high-ticket participation. The fund accounts for 0.02% of total fund net asset value and 6.22% of funds with the same type.