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LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 30,000 new ETC Securities, which will be Tranche 654 of the Amundi Physical Gold ETC. This issuance, scheduled for January 29, 2025, will bring the total number of ETC Securities in the series to 56,892,859.00.
The ETC Securities, linked to physical gold, provide investors with exposure to the metal without the need for physical delivery. Each ETC Security is associated with a specific amount of gold, known as the Metal Entitlement, which as of the Subscription Trade Date is 0.03968722 fine troy ounces.
Amundi's Physical Gold ETC is part of a broader program that allows for the periodic issuance of ETC Securities tied to the price of gold. The ETC Securities are designed for investors seeking an alternative means of gaining exposure to the gold market through the securities market.
The ETC Securities are secured by allocated gold held by HSBC Bank plc, the Custodian, on behalf of Amundi. The gold is generally held on an allocated basis, ensuring it is segregated in the Custodian's London vault for the specific series. The Total (EPA:TTEF) Expense Ratio (TER) for the ETC Securities, as of the date of the Final Terms, is 0.12% per annum.
Applications have been made for the ETC Securities to be admitted to trading on regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, there is an application for trading on the International Quotation System of the Mexican Stock Exchange.
Investors should note that the ETC Securities are subject to market and credit risks, and their value may fluctuate according to the price movements of gold. The information provided is based on a press release statement from Amundi Physical Metals plc.
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