Nairobi, Jan. 2 -- As global investors turned to the safety of gold assets in a year of geopolitical turbulence, the precious metal's price rally rewarded holders of the Absa NewGold exchange-traded fund (ETF) at the Nairobi bourse with a 70.4 percent gain in the value of their units.

The ETF, whose primary listing is on the Johannesburg Stock Exchange, saw its price rise from Sh3,165 per unit on January 1, 2025 to Sh5,395 on December 31 at the Nairobi Securities Exchange (NSE). The price of the underlying gold rose by 66.5 percent to close the year at $4,326 (Sh558,054) per troy ounce in 2025, after touching an all-time high of $4,549 (Sh586,821) on December 26.

The unit price of the ETF has doubled in just over two years, rivalling th...