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LONDON - Amundi Physical Metals plc has announced the issuance of 435,000 new ETC Securities, expanding its Amundi Physical Gold ETC offerings. This latest tranche, Tranche 687, brings the total number of ETC Securities in the series to 60,677,859. The ETC Securities are designed to provide investors with exposure to gold prices without the need for physical delivery.
The ETC Securities, denominated in USD, are linked to the price of gold and have been admitted to trading on several European exchanges, including Euronext (EPA:ENX) Paris and Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they have been admitted to the International Quotation System of the Mexican Stock Exchange.
Amundi’s ETC Securities offer an alternative to direct investment in gold, reflecting the spot price movements of the precious metal. The newly issued securities have an initial metal entitlement as of the series issue date of 0.04 fine troy ounces, with a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum.
Investors should note that the ETC Securities do not pay periodic interest, and the value and secondary market price may be influenced by market perception, the creditworthiness of certain transaction parties, and the liquidity of the ETC Securities in the secondary market. The scheduled maturity date for the ETC Securities is May 23, 2118.
This expansion of Amundi’s gold-backed ETC offerings comes amid fluctuating gold prices and increased investor interest in precious metals as a potential hedge against inflation and market volatility. The information in this article is based on a press release statement.
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