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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of ETC Securities under its Amundi Physical Gold ETC, which will be available for trading on multiple stock exchanges including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). The latest tranche, numbered 665, consists of 44,600 ETC Securities and follows the company’s secured precious metal linked ETC Securities Programme.
This new issuance, scheduled for March 10, 2025, adds to the existing 54,277,559 ETC Securities currently in circulation. Each ETC Security in this tranche represents a metal entitlement of 0.03968225 fine troy ounces of gold as of the subscription trade date. The programme, which has been in place since May 23, 2019, is designed to offer investors exposure to the gold price without the need for physical delivery.
The ETC Securities carry a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, which is deducted from the metal entitlement associated with each security. This fee structure is intended to cover operational expenses associated with the management of the securities.
Investors should note that the ETC Securities are subject to the usual market risks, including fluctuations in the gold price. The securities offer a way to invest in gold through a financial instrument that mimics the performance of the physical metal, with the added security of being backed by actual gold holdings managed by Amundi Physical Metals plc.
The issuer, Amundi Physical Metals plc, is a public company limited by shares incorporated in Ireland. Its operations focus on issuing ETC Securities linked to precious metals, providing investors with an alternative to direct investment in physical metals.
Investors interested in the ETC Securities of Amundi Physical Gold ETC can expect the securities to be admitted to trading on the designated stock exchanges, subject to market conditions and regulatory approvals. This information is based on a press release statement.
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