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PARIS - Amundi Physical Metals plc has announced the issuance of 590,000 ETC Securities, representing Tranche 701 of its Amundi Physical Gold ETC, under the company’s Secured Precious Metal Linked ETC Securities Programme. The latest issuance follows the immediate success of the previous tranches, with the aggregate number of ETC Securities for the series now reaching 62,692,859.00.
The newly issued tranche, set to be listed on May 29, 2025, will offer investors exposure to physical gold, with each security initially entitled to 0.04 fine troy ounces of the precious metal. The ETC Securities are designed to provide a secure investment alternative for gaining exposure to gold prices without the need for physical delivery.
Amundi’s ETC Securities have been structured to cater to both retail and professional investors, with the aim of offering a cost-effective and liquid means of investing in gold. The securities carry a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which is deducted from the metal entitlement associated with each security to cover operational fees.
The ETC Securities are backed by physical allocated gold, held in segregated accounts, and are subject to limited recourse, meaning investors have claims only against the secured property and not against any other assets of the issuer. This structure ensures that investors’ interests are protected, with the issuer having no further debt obligation once the secured property is fully realized.
The ETC Securities will be admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Applications have also been made for their admission to trading on the International Quotation System of the Mexican Stock Exchange.
Investors should note that the value and secondary market price of the ETC Securities can fluctuate based on movements in the price of gold, market perception, and liquidity. The securities will not pay periodic interest, and final redemption will be settled in cash.
This issuance is part of Amundi Physical Metals plc’s ongoing efforts to provide investors with diverse options to invest in precious metals. The information is based on a press release statement.
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