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LONDON - Amundi Physical Metals plc has announced the issuance of 55,000 ETC Securities, as part of its Amundi Physical Gold ETC offerings. This issuance, referred to as Tranche 700, increases the aggregate number of ETC Securities immediately following the issue to 62,102,859.00.
The newly issued ETC Securities are linked to the price of gold, providing investors with exposure to the precious metal without the need to take physical delivery. Each ETC Security is ascribed a metal entitlement, which, as of the Subscription Trade Date, stands at 0.03967207 fine troy ounces.
The issue date for this tranche of ETC Securities is set for May 28, 2025, while the scheduled maturity date extends far into the future to May 23, 2118. The issuer, Amundi Physical Metals plc, has established a reputation for offering investment solutions tied to precious metals.
The ETC Securities carry a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which is deducted from the metal entitlement associated with each security. This fee structure is designed to fund the issuer’s operational expenses, including those related to the management of the securities.
Applications have been made for the ETC Securities to be admitted to trading on multiple European exchanges, including Euronext (EPA:ENX) Paris and Euronext Amsterdam, as well as the Deutsche Börse, the Borsa Italiana, and the London Stock Exchange (LON:LSEG). Moreover, an application has been made for the ETC Securities to be traded on the International Quotation System of the Mexican Stock Exchange, subject to private placement exemptions.
The ETC Securities are part of Amundi Physical Metals plc’s Secured Precious Metal Linked ETC Securities Programme and are secured by gold held by HSBC Bank plc as the custodian. The obligations of the issuer under the ETC Securities are backed solely by the secured property, primarily gold, and not by any other assets of the issuer.
Investing in the ETC Securities allows for participation in the gold market through the securities market, offering an alternative to direct gold investment. The information provided is based on a press release statement.
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