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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, expanding its existing offerings in the precious metals space. The latest tranche, numbered 659, consists of 100,000 ETC Securities and was issued on Friday, February 7, 2025.
This issuance is part of the company’s Secured Precious Metal Linked ETC Securities Programme, which allows investors to gain exposure to gold prices without the need to take physical delivery of the metal. The ETC Securities are linked to the price of gold and are designed to provide performance similar to a direct investment in the metal.
The total number of ETC Securities immediately following this issue will reach 57,147,059.00. Each security in the newly issued tranche has a metal entitlement of 0.03968604 fine troy ounces as of the subscription trade date.
The ETC Securities are backed by physical gold, which is held on an allocated basis by HSBC Bank plc, acting as the custodian. The allocated gold is held in segregated accounts in the name of Amundi Physical Metals plc for the account of the relevant series.
Amundi Physical Metals plc has set the total expense ratio at 0.12% per annum for the ETC Securities, which reflects the costs associated with managing the securities.
The new tranche is scheduled to mature on May 23, 2118, and the securities have been approved for listing and trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they will be admitted to trading on the International Quotation System of the Mexican Stock Exchange.
Investors interested in the Amundi Physical Gold ETC can gain exposure to the gold market through these securities, which offer an alternative to holding the physical metal. The issuer has stated that the offer is designed to allow investors to participate in the gold market through the securities market.
This announcement is based on a press release statement issued by Amundi Physical Metals plc and does not constitute an offer or invitation to subscribe for or purchase any ETC Securities.
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