LONDON – Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, under the secured precious metal linked ETC securities program. The new issuance, Tranche 653, consists of 165,000 ETC securities and follows the company’s ongoing strategy to provide investors with exposure to gold prices.
The latest tranche brings the aggregate number of ETC securities in the series to 56,862,859.00, each with an initial metal entitlement of 0.04 fine troy ounces. The issue date for this tranche is set for Tuesday, January 28, 2025, with a scheduled maturity date far in the future, on May 23, 2118.
Amundi’s ETC securities are designed to offer investors a way to gain exposure to the gold market without the need to physically hold the metal. The securities are backed by gold held in allocated accounts, ensuring that each security corresponds to a specific quantity of gold.
The total expense ratio for managing the ETC securities remains low at 0.12% per annum, which is deducted from the metal entitlement of the ETC securities. This fee structure is intended to make the investment more cost-effective for participants.
The ETC securities have been submitted for admission to several prominent trading venues, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:). Additionally, they have been introduced to the International Quotation System of the Mexican Stock Exchange, widening the potential investor base.
Investors interested in the Amundi Physical Gold ETC can gain exposure to the price of gold, which is subject to market fluctuations. The securities offer a secured investment but come with limited recourse, meaning that investors’ claims are restricted to the secured property that backs the ETC securities.
The information provided is based on a press release statement by Amundi Physical Metals plc and aims to present a factual overview of the new tranche offering without any endorsement of the claims. Potential investors should consider the full terms and conditions of the ETC securities, as well as their own investment objectives and risk tolerance, before making any investment decisions.
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