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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC, marking the 699th tranche under its secured precious metal linked ETC securities program. The issuance, which involves 10,000 ETC securities, is set to increase the aggregate number of ETC securities for the series to 62,077,859.00 immediately following the issue.
The ETC securities, each initially representing 0.04 fine troy ounces of gold, provide investors with exposure to the gold price without the need to take physical delivery of the metal. The total expense ratio for the securities is 0.12% per annum, and they are set to mature on May 23, 2118.
The new tranche, which will be issued on May 27, 2025, follows the series issue date of May 23, 2019. The securities have been admitted to trading on several prominent exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they have been admitted to the International Quotation System of the Mexican Stock Exchange.
Amundi Physical Metals plc has designed these gold-backed ETC securities to cater to investors looking to gain exposure to the price movements of gold through a security that is traded on the stock market. This new tranage aims to provide an alternative investment option that mirrors the performance of direct gold investments.
Investors should note that the ETC securities are linked to the price of gold and, as such, will be influenced by market perceptions, the creditworthiness of certain transaction parties, and the liquidity of the ETC securities in the secondary market. The securities are secured, limited recourse obligations of the issuer, and their value can fluctuate based on the price of gold.
This announcement is based on a press release statement and aims to provide investors with key information regarding the new tranche of ETC securities offered by Amundi Physical Metals plc.
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