LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its gold-linked Exchange-Traded Commodities (ETC) under its Secured Precious Metal Linked ETC Securities Programme. The latest tranche, identified as Tranche 627, consists of 30,000 ETC Securities and was issued on Monday.
The ETC Securities, part of the Amundi Physical Gold ETC series, are linked to the price of physical gold, offering investors exposure to the metal without the need to take physical delivery. Each security in this tranche has an initial metal entitlement of 0.03969414 fine troy ounces as of the subscription trade date.
The total number of ETC Securities in the series now stands at 49,136,155, following the new issue. The ETC Securities are secured by physical gold held by the issuer and have a scheduled maturity date of May 23, 2118.
Amundi Physical Metals plc has applied for these securities to be admitted to trading on several European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, and the Borsa Italiana, as well as on the main market of the London Stock Exchange (LON:LSEG) and the International Quotation System of the Mexican Stock Exchange.
The issuer has set the total expense ratio for managing the ETC Securities at 0.12% per annum. In the event of redemption, the nominal amount per security is set at USD 5.085, with a specified interest amount of USD 0.051.
Investors interested in the Amundi Physical Gold ETC can gain exposure to gold price movements through this financial instrument. However, it's important to note that the value of ETC Securities can fluctuate based on gold prices and market conditions.
This issuance is part of Amundi's ongoing efforts to provide investors with various ways to invest in precious metals. The information provided here is based on a press release statement from Amundi Physical Metals plc.
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