All the Individual Commodity ETPs on the JSE

We initially published this column last September and since then two things have happened. Commodities, mostly, have gone wild. Secondly everybody is now asking for commodity ETPs after last weeks sell off.

So we’ve refreshed it for those still wanting some exposure.

Commodities, lead by gold, are having a storming couple of years and recently even PGMs have been catching a big and running higher.

The obvious way to benefit from this is the Satrix Resi10 ETF* which has almost doubled this year, and astounding return.

But we also have a number of single commodity ETFs and ETNs on the JSE which we can invest into. These will do great when the commodity is rising, but in many cases the actual miners will do better as they have leverage. Think of the gold miners that earned ±$2,200 per ounce for 2024 and with gold now sitting around $5,000 they’re earning an extra $2,800 per ounce and that’s nearly all profit.

So let’s look at the single commodity options.

Gold

PGMs

Silver

ABSA NewWave Silver ETN (TER 0.40%)

Copper

Standard Bank Copper ETN (SBCOP)

Brent

Standard Bank Brent ETN (SBOIL)

General commodities

There is also the UBS Coherent Capital Commodity Investment Portfolio AMC (TER 1.00%). Code is CCMGCZ and to quote their mandate “This portfolio offers risk-managed exposure to the individual constituents of the agricultural, energy, and metal sectors of the commodity asset class. The portfolio does not hold equities and does not earn dividends to distribute.”

Tax-free accounts?

Nope, only the Satrix Resi10 can go into a tax-free account. The AMC and the single commodity products can not be included.

Simon Brown

* I hold ungeared positions.

ETF blog

At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.