How are energy investors positioned?
LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, under the secured precious metal linked ETC securities program. The latest tranche, numbered 690, consists of 32,000 ETC securities and follows the initial metal entitlement date of May 23, 2019.
The ETC securities, linked to the price of gold, provide investors with exposure to the metal without the necessity of taking physical delivery. Each security in the tranche represents a specific amount in weight of gold, known as the metal entitlement, which decreases daily to cover operational fees.
The issue date for the new tranche is set for May 12, 2025, with the securities scheduled to mature on May 23, 2118. The total number of ETC securities for the series, after the new issue, will amount to 60,382,859.00 units.
The Total (EPA:TTEF) Expense Ratio (TER) for the ETC securities is set at 0.12% per annum, deducted from the metal entitlement to fund operational costs. The nominal amount is USD 5.085, with a specified interest amount of USD 0.051, representing 1% of the nominal amount.
Amundi’s ETC securities are designed to offer investors a comparable alternative to direct gold investment, aiming to track the spot price movements of gold. The securities will be admitted to trading on regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, applications have been made for trading on the International Quotation System of the Mexican Stock Exchange.
Investors should note that the value and the secondary market price of the ETC securities may fluctuate based on gold price movements and market perception. The information disclosed is based on a press release statement from Amundi Physical Metals plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.