Oil was the best investment over the June quarter, a comparison of the JSE’s 92 exchange-traded products released by etfsa.co.za on Wednesday morning showed.The JSE’s range of exchange-traded products has grown to cover most actively traded commodities, along with portfolios of stocks and bonds in various sectors and geographical regions, making them a handy way to measure the performance of different investment types.Standard Bank’s West Texas Intermediate oil price-tracking exchange-traded note gained 33.59% over the June quarter, overtaking Standard Bank’s rhodium exchange-traded fund (ETF), which gained 27.46%.Over the year, however, rhodium remained a clear winner with a 136.49% price rise, nearly double oil’s annual gain of 73.98%.Rhodium’s price has rocketed due to platinum becoming cheaper than palladium. Making autocatalysts out of platinum rather than palladium requires manufacturers to use more rhodium.The third best performer over the June quarter was another commodity, ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.