LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, expanding its offering for investors seeking exposure to gold prices. The latest issuance, Tranche 651, consists of 646,300 ETC securities, bringing the aggregate number of ETC securities in the series to 56,724,459.
The ETC securities, linked to the physical gold market, are designed to provide investors with a return equivalent to movements in the gold spot price. The newly issued tranche, dated January 24, 2025, will mature on May 23, 2118. Each ETC security has an initial metal entitlement of 0.03968787 fine troy ounces as of the subscription trade date.
Amundi’s Physical Gold ETC is part of a secured precious metal linked ETC securities program and is intended to offer investors a cost-efficient and secure way to gain exposure to gold, without the need to hold the physical metal. The program has a total expense ratio of 0.12% per annum, which is intended to cover all operational fees associated with the ETC.
The ETC securities have been admitted to trading on various prominent exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange. This wide listing is aimed at providing liquidity and accessibility to investors across different markets.
Investors should note that the value of the ETC securities is subject to the fluctuations of the gold price and market perception. The issuer, Amundi Physical Metals plc, is an Ireland-incorporated company with a special purpose vehicle status, holding assets primarily in gold to back its obligations under the ETC securities.
The information provided in this article is based on a press release statement and is intended to give investors key insights into the latest developments of Amundi Physical Metals plc’s gold-linked ETC offerings.
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