LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of ETC Securities under its Secured Precious Metal Linked ETC Securities Programme. The new tranche, numbered 642, consists of 36,700 ETC Securities, expanding the total number of securities in the Amundi Physical Gold ETC series to 52,971,459.
The newly issued tranche, with an initial metal entitlement of 0.03968996 fine troy ounces per security, is scheduled to be listed and admitted to trading across several venues, 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.
This issuance follows the program's guidelines, with a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, ensuring the costs are kept competitive for investors seeking exposure to gold prices. The ETC Securities, which are exchange-traded and secured, provide an alternative to owning physical gold, offering investors the ability to gain exposure to the gold market through the securities market.
The ETC Securities are designed to track the price of gold, providing investors with a tool for investing in the precious metal without the need for physical delivery. The securities are backed by allocated gold held on behalf of the issuer by HSBC Bank plc as the custodian.
Amundi's Physical Gold ETC is part of a broader offering that aims to meet investors' demand for precious metal-linked investment products. The issuer, a public limited company incorporated in Ireland, operates under the regulatory framework established by the Central Bank of Ireland.
Investors should note that the value of ETC Securities can fluctuate according to the price movements of the underlying metal, and the performance of the metal in any future period may not mirror its past performance. Additionally, the securities are subject to the creditworthiness of the transaction parties involved, including the issuer, custodian, and authorized participants.
The information for this release is based on a press release statement from Amundi Physical Metals plc.
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