LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Physical Gold ETC securities, as part of its ongoing efforts to provide investment solutions tied to the price of gold. The latest tranche, numbered 647, consists of 222,600 ETC Securities, increasing the aggregate number of ETC Securities in the series to 54,286,559.
These securities are part of the Amundi Physical Gold ETC series, which aims to offer investors exposure to gold price movements without the need for physical delivery. The ETC Securities are backed by allocated gold and are designed to replicate the performance of the gold spot price.
The issue date for the new tranche is set for January 20, 2025, with the scheduled maturity date being May 23, 2118. The ETC Securities are linked to a Metal Entitlement, initially set at 0.04 fine troy ounces per security at the series issue date, with subsequent adjustments to reflect operational costs.
Amundi's Physical Gold ETC is part of a larger Secured Precious Metal Linked ETC Securities Programme. The Total (EPA:TTEF) Expense Ratio for managing the ETC Securities is 0.12% per annum, providing a cost-effective option for investors seeking gold exposure.
The ETC Securities have been admitted to trading on several European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, and Borsa Italiana, as well as the main market of the London Stock Exchange (LON:LSEG) and the International Quotation System of the Mexican Stock Exchange.
Investors interested in the Amundi Physical Gold ETC can gain exposure to the gold price through a regulated security, which may be an attractive alternative to holding physical gold directly. This issuance is based on a press release statement and continues Amundi's commitment to offering precious metal investment options.
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