BofA warns Fed risks policy mistake with early rate cuts
LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of Amundi Physical Gold ETC securities, under its existing Secured Precious Metal Linked ETC Securities Programme. The latest tranche, number 695, consists of 753,000 ETC Securities and was issued on May 19, 2025, with each security initially representing 0.04 fine troy ounces of gold.
This issuance expands the total number of ETC Securities for the Amundi Physical Gold ETC to 61,324,859.00, following the issue date. These securities are linked to the price of physical gold, allowing investors to gain exposure to gold price movements without the need to physically hold the metal. The securities are designed to track the gold price less a total expense ratio, which is currently set at 0.12% per annum.
The ETC Securities have been admitted to trading on several major exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange. This provides investors with a broad range of platforms for trading these securities.
Investors should note that the securities are subject to market risks, including fluctuations in the gold price. The securities do not confer ownership of the physical gold to the holder, but rather, provide exposure to its price movements. The issuer, Amundi Physical Metals plc, is a special purpose vehicle with no significant assets other than the gold backing the issued securities.
The securities come with a scheduled maturity date of May 23, 2118, and feature a nominal amount of USD 5.085, which is 10 percent of the issue price per ETC Security as at the Series Issue Date. In the event of early redemption or maturity, the securities may pay a specified interest amount of USD 0.051, which is 1 percent of the nominal amount.
The information provided in this article is based on a press release statement by Amundi Physical Metals plc. Investors interested in the ETC Securities should consider the full terms and conditions outlined in the Base Prospectus and the Final Terms documents.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.