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LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 104,000 new ETC securities, identified as Tranche 703, under its Amundi Physical Gold ETC, which is part of the company’s Secured Precious Metal Linked ETC Securities Programme. This latest tranche follows the 62,511,859 ETC Securities already in circulation, offering investors additional opportunities to gain exposure to the gold market.
The ETC Securities are linked to the price of gold, providing an investment alternative that mimics the experience of investing directly in the physical metal without the necessity of taking delivery. Each ETC Security correlates to a specific weight in gold, known as the Metal Entitlement, which as of the Subscription Trade Date for the relevant tranche is 0.03967064 fine troy ounces.
The Issue Date for the new tranche of ETC Securities is set for June 5, 2025, with a Scheduled Maturity Date of May 23, 2118. The securities are admitted to trading on several prominent exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
Investors should note that the Total (EPA:TTEF) Expense Ratio for managing these ETC Securities is 0.12% per annum. Moreover, the securities, bearing the ISIN FR0013416716, come with a Nominal Amount of USD 5.085 and a Specified Interest Amount of USD 0.051, offering a form of interest redemption premium.
Amundi Physical Metals plc’s decision to issue this tranche aligns with its strategy to provide investment vehicles that reflect the performance of the gold market. This issuance is part of a broader offering, as outlined in the "Investing in the ETC Securities to gain exposure to gold price" section of the Current Base Prospectus.
The information provided here is based on a press release statement, ensuring investors have access to the latest data regarding Amundi’s ETC offerings.
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