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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of exchange-traded commodities (ETCs), expanding its physical gold investment offerings. The latest tranche, numbered 678, comprises 127,600 ETC securities under the Amundi Physical Gold ETC series, which is part of the company's Secured Precious Metal Linked ETC Securities Programme.
The ETC securities, each initially representing 0.04 fine troy ounces of gold, will be issued on Wednesday, providing investors with further opportunities to gain exposure to gold prices. Following the issuance, the total number of ETC securities in this series will reach 56,358,859.
Amundi's ETCs offer a secured, limited recourse investment linked to the price of gold, allowing investors to gain exposure without the need to take physical delivery of the metal. The securities are backed by gold held by HSBC Bank plc, the custodian, in allocated accounts specifically earmarked for this series.
The issuer has set a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum for the management of these securities. The ETC securities are scheduled to mature on May 23, 2118, and are subject to a nominal amount and specified interest amount, which provide a minimum repayment amount upon redemption.
Applications have been made for the ETC securities to be admitted to trading on several regulated markets, 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.
Investors interested in the Amundi Physical Gold ETC securities should be aware of the risks associated with commodity-linked investments, including market volatility and the influence of market perceptions and the creditworthiness of transaction parties on the value of the ETC securities.
The information for this article is based on a press release statement from Amundi Physical Metals plc.
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