Oracle launches unified health data exchange console
LONDON - Amundi Physical Metals plc announced the issuance of 430,000 new ETC (Exchange Traded Commodity) securities as part of its Amundi Physical Gold ETC program, according to a statement released Tuesday.
The new securities, designated as Tranche 755, will increase the total number of ETC securities in the series to 64,320,259. Each security provides investors with exposure to physical gold without requiring them to take physical delivery of the metal.
The securities have a metal entitlement of 0.03965524 fine troy ounces of gold per security as of the subscription trade date. They will be admitted to trading on multiple European exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange.
The ETC securities carry a total expense ratio of 0.12% per annum and have a scheduled maturity date of May 23, 2118. They are designed to track the price of gold, with each security backed by allocated physical gold held in custody by HSBC Bank plc.
These securities offer investors an alternative way to gain exposure to gold price movements through securities markets rather than direct ownership. The metal backing the securities is generally held on an allocated basis in segregated accounts, though amounts may sometimes be held on an unallocated basis to facilitate subscriptions.
The issue date for the new tranche is set for October 1, 2025, according to the company’s final terms document.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.