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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, under the company’s secured precious metal linked ETC securities program. The issue consists of 23,000 ETC securities, identified as Tranche 660, which follows the ongoing strategy to provide investors with exposure to the gold market.
The new tranche, which is scheduled to be issued on February 10, 2025, will increase the aggregate number of ETC securities for this series to 57,170,059. Each ETC security has an initial metal entitlement of 0.04 fine troy ounces, which is subject to a total expense ratio of 0.12% per annum. This fee is designed to cover operational costs associated with the management of the ETC.
The ETC securities are linked to the price of physical gold, allowing investors to gain exposure to the metal without the need to handle physical delivery. The securities are admitted to trading on several major exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Furthermore, they are also traded on the International Quotation System of the Mexican Stock Exchange, highlighting the global reach of the product.
Investors should note that the ETC securities are secured limited recourse obligations, meaning that their value is backed by the underlying gold assets held by the issuer. However, in the event of issuer default or other credit events, investors may have limited recourse to the issuer’s other assets.
This issuance reflects Amundi’s commitment to providing a diversified range of investment vehicles for market participants interested in precious metals. The ETC securities offer an alternative to direct investment in gold and aim to track the spot price movements of the metal.
The information for this article is based on a press release statement from Amundi Physical Metals plc. Investors are advised to review the full documentation related to the ETC securities, including the base prospectus and final terms, to understand all the associated risks and details of the offer.
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