LONDON - Amundi Physical Metals plc (GLDA) announced the issuance of 40,000 ETC Securities, identified as Tranche 640, under its Secured Precious Metal Linked ETC Securities Programme. This tranche follows the previous issuance, bringing the total number of ETC Securities in the series to 52,834,759. Each ETC Security, as of the subscription trade date for the relevant tranche, represents a metal entitlement of 0.03969048 fine troy ounces.
The Amundi Physical Gold ETC offers investors exposure to the gold price, allowing them to invest without taking physical delivery of the metal. The securities are backed by allocated gold, held in a segregated account in HSBC Bank plc’s London vault, ensuring each security relates to a specific amount of gold.
The ETC Securities are designed to track the price of gold, offering an alternative to direct investment. They are secured by gold and carry a Total (EPA:TTEF) Expense Ratio of 0.12% per annum. The securities are listed and admitted to trading on several exchanges, 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 should note that the value and the price of the ETC Securities may fluctuate with the price of gold, and the performance of the metal in the future may not mirror its past performance. The securities do not pay periodic interest, and their long-term nature means that investors not participating as authorized participants can only realize value from an ETC Security before its scheduled maturity by selling it on the secondary market.
The ETC Securities are denominated in USD, with an issue date for the relevant tranche set for January 6, 2025, and a scheduled maturity date of May 23, 2118. The initial metal entitlement as at the series issue date was 0.04 fine troy ounces.
This issuance is based on a press release statement and is intended for investors seeking exposure to the gold market through a securities structure.
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