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PARIS - Amundi Physical Metals plc has expanded its gold-backed exchange-traded commodities (ETC) offerings with the issuance of 65,000 additional ETC securities, under its Amundi Physical Gold ETC. This new tranche, numbered 694, brings the total number of ETC securities immediately following the issue to 61,071,859.
The ETC securities, which are linked to the price of physical gold, offer investors the opportunity to gain exposure to the metal’s market performance without the necessity of taking physical delivery. The newly issued securities are part of the Amundi Physical Gold ETC series, which initially launched on May 23, 2019.
Each ETC security is tied to a specific weight in gold, known as the Metal Entitlement, which as of the Subscription Trade Date for the relevant tranche of ETC Securities stands at 0.03967325 fine troy ounces. The Issue Date for this tranche is set for May 16, 2025, with the securities scheduled to mature on May 23, 2118.
The securities are structured to reduce the Metal Entitlement daily by a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which is intended to cover the operational fees to Amundi Asset Management S.A.S. This fee structure ensures that the obligations under the ETC securities are backed by sufficient gold, which is held in allocated accounts by HSBC Bank plc, the Custodian.
Applications have been made for these ETC securities to be admitted to trading on multiple regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, admission to trading has been sought on the International Quotation System of the Mexican Stock Exchange under the private placement exemptions established by the Ley del Mercado de Valores (Securities Market Law).
This issuance comes as part of Amundi’s ongoing efforts to provide investors with various avenues to invest in gold. The ETC securities program is designed to offer a similar level of participation in the gold market as direct investment, but through the securities market, catering to different investor preferences and risk profiles.
The information in this article is based on a press release statement from Amundi Physical Metals plc.
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