Amundi expands gold exposure options with new ETC issuance

LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, adding 35,000 securities to its existing series. This move, effective from June 3, 2025, brings the total number of ETC Securities in the series to over 62 million.

The Amundi Physical Gold ETC, part of the company’s Secured Precious Metal Linked ETC Securities Programme, offers investors exposure to the gold market without the need to take physical delivery of the metal. Each ETC security is backed by a specific amount in weight of gold, known as the "Metal Entitlement." The issuer ensures that enough gold is held to meet its obligations under the ETC Securities.

Investors should note that the ETC Securities do not pay periodic interest. However, in the event of early or final redemption, an interest redemption premium may be included if the redemption amount exceeds the initial issue price per ETC security for the first tranche of the series.

The issuer has emphasized that the ETC Securities are designed for investors seeking a cost-effective and convenient way to invest in gold. The securities are secured by physical gold, held on an allocated basis, ensuring that investors have a direct claim to the metal. The Total (EPA:TTEF) Expense Ratio (TER) for managing the ETC is set at 0.12% per annum, which is deducted from the Metal Entitlement of each security.

The ETC Securities have been admitted to trading on several European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Applications for admission to trading have also been made for the International Quotation System of the Mexican Stock Exchange.

Investors are reminded that the value of the ETC Securities can fluctuate based on gold price movements, and the issuer’s ability to meet its obligations is subject to the value and safety of the underlying gold. The ETC Securities are subject to market perception, the creditworthiness of transaction parties, and liquidity in the secondary market.

This information 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.