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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC, expanding its existing offerings linked to the price of gold. This issuance, Tranche 702, encompasses 35,000 ETC Securities and follows the company’s Secured Precious Metal Linked ETC Securities Programme.
The newly issued securities are part of a series that provides investors with exposure to gold, a commodity known for its volatility and potential as an investment hedge. Each ETC security in this tranche represents a metal entitlement of 0.03967116 fine troy ounces as of the subscription trade date.
Scheduled to be issued on Tuesday, June 3, 2025, the total number of ETC Securities of the series will reach 62,727,859 upon the completion of this tranche. The securities are set to mature on May 23, 2118, and carry a Total (EPA:TTEF) Expense Ratio of 0.12% per annum.
Amundi’s ETC Securities are designed to track the price of gold without the need for investors to physically hold the metal. The securities are backed by gold held by HSBC Bank plc, acting as the custodian, and are secured by a security deed governed by the laws of Ireland and a security deed governed by English law.
The ETC Securities will be listed and admitted to trading on several major exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, and Borsa Italiana, as well as the London Stock Exchange (LON:LSEG) and the International Quotation System of the Mexican Stock Exchange. This broad listing is intended to provide liquidity and accessibility to investors across different markets.
Investors should note that the value of ETC Securities can fluctuate with the price of gold, and the issuer has highlighted that these securities are not equivalent to a direct investment in gold. The ETC Securities offer an alternative means of participating in the gold market through the securities market.
The announcement is based on a press release statement from Amundi Physical Metals plc and provides investors with additional options to gain exposure to gold through exchange-traded commodities.
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