LONDON - Amundi Physical Metals plc (GLDA) announced the issuance of a new tranche of its Amundi Physical Gold ETC, underlining the continued investor interest in gold-backed exchange-traded commodities (ETCs). The new tranche, identified as Tranche 622, comprises 527,000 ETC Securities and follows the company's program for secured precious metal linked ETC securities.
This latest issuance increases the aggregate number of ETC Securities for the Amundi Physical Gold ETC series to 48,959,455. Each ETC Security represents a specific amount in weight of gold, providing investors with exposure to the precious metal without the necessity of physical delivery.
The ETC Securities issued have a metal entitlement as at the subscription trade date of 0.03969583 fine troy ounces. The issue date for the new tranche is set for Tuesday, November 26, 2024, with the scheduled maturity date far ahead on May 23, 2118.
Amundi Physical Metals plc has made applications for the ETC Securities to be admitted to trading on several prominent exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, the ETC Securities are expected to be admitted to the International Quotation System of the Mexican Stock Exchange.
The total expense ratio (TER) for the ETC Securities is set at 0.12% per annum, which will be deducted from the metal entitlement to cover operational fees. The nominal amount is set at USD 5.085, with a specified interest amount of USD 0.051.
Investors interested in gaining exposure to gold prices may consider this latest offering from Amundi Physical Metals plc, which is based on a press release statement. The ETC Securities provide a means of investment in gold with the flexibility and liquidity of a security traded on regulated markets. However, as with any investment, potential investors are advised to consider the full information available, including the final terms and base prospectus, and to be aware of market risks, including volatility in gold prices and changes in the expense ratio.
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