Rand Merchant Bank Starts Coal Exchange-Traded Notes
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Rand Merchant Bank said its coal exchange-traded notes will list on Johannesburg’s bourse tomorrow to expand trade in the commodity.
This gives people the opportunity to invest in 1 metric ton of coal, “making the product more accessible and easier to invest in than directly into a futures contract, which typically trades at 5,000 tons of coal,” Vicki Goodwin, a Johannesburg-based spokeswoman, said in an e-mailed statement today.