LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche for its Amundi Physical Gold ETC, marking the 643rd tranche since the product's inception. This addition of 300,000 ETC Securities, effective January 13, 2025, brings the total number of securities in the series to 53,271,459.00.
The Amundi Physical Gold ETC, listed on multiple stock exchanges, including Euronext (EPA:ENX) Paris and the London Stock Exchange (LON:LSEG), offers investors exposure to gold price movements without the need for physical delivery. The ETC Securities are backed by allocated gold, stored in secure vaults, ensuring each security is tied to a specific amount of physical gold.
Investors should note the Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which is deducted from the metal entitlement associated with each ETC Security to cover operational fees. Additionally, the ETC Securities have a nominal amount of USD 5.085 and a specified interest amount of USD 0.051.
The ETC Securities are designed for investors seeking an alternative to direct gold investment, with the added convenience of trading similar to regular stock exchange transactions. The scheduled maturity date for the securities is May 23, 2118, highlighting the long-term investment horizon of the product.
It's important to mention that this information is based on a press release statement, and potential investors should conduct their own due diligence before making investment decisions. The performance of gold as an underlying asset can be volatile, and the value of the ETC Securities may fluctuate accordingly. The ETC Securities are secured, limited recourse obligations of the issuer, and the rights of security holders are limited in recourse to the secured property.
The announcement of this new tranche reflects Amundi's commitment to providing accessible gold investment options and expanding its precious metals offerings to meet investor demand.
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