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LONDON - Amundi Physical Metals plc announced the issuance of 142,000 ETC (Exchange Traded Commodity) securities as part of its Amundi Physical Gold ETC series, according to a statement released Wednesday.
The new securities represent Tranche 741 of the company’s gold-backed ETC program and will begin trading on August 28, 2025. Following this issuance, the total number of ETC securities in the series will reach 63,526,859.
Each ETC security is backed by physical gold held in allocated accounts, with a current metal entitlement of 0.03965968 fine troy ounces per security. The securities carry a total expense ratio of 0.12% per annum.
The gold-backed securities are scheduled to mature on May 23, 2118, and have been admitted to trading on multiple exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange, and the International Quotation System of the Mexican Stock Exchange.
The ETC securities provide investors with exposure to gold price movements without requiring physical delivery of the metal. Authorized participants for this series include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited.
Amundi Physical Metals’ ETC securities are secured, limited recourse obligations that rank equally amongst themselves. The company noted in its statement that the securities are subject to certain selling restrictions in various jurisdictions including the United Kingdom, United States, Italy, Switzerland, and some European Economic Area countries.
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