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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, marking the 689th tranche of the exchange-traded commodity (ETC) series. This addition will bring the aggregate number of ETC securities to 61,000,859.00, with each security representing a metal entitlement of 0.03967429 fine troy ounces as of the subscription trade date.
The new tranche, consisting of 226,000 ETC securities, is set to be issued on May 8, 2025. This move aligns with the company’s ongoing efforts to provide investment solutions that offer exposure to the price of gold. Amundi’s ETC securities program, backed by physical gold, allows investors to invest in gold without the need to manage physical storage.
The securities, with an issue price of USD 5.085 per ETC security, are designed to track the price movements of gold while offering the flexibility and liquidity of trading on regulated markets. Applications have been made for the ETC securities to be admitted to trading on Euronext (EPA:ENX) Paris and other major European exchanges, including Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG), as well as on the International Quotation System of the Mexican Stock Exchange.
Investors should note that the total expense ratio for the ETC securities is set at 0.12% per annum. This information is based on a press release statement and aims to provide investors with key insights into Amundi’s latest offering in the precious metals space.
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