LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 765,000 new ETC Securities as part of its Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. This latest tranche, numbered 631, brings the total number of ETC Securities in the series to 50,687,155.00, each initially entitled to 0.04 fine troy ounces of gold.
The ETC Securities, linked to the performance of gold, offer investors exposure to the metal without the need to take physical delivery. The newly issued securities, part of Tranche 631, have been admitted to trading on multiple exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG), as well as the International Quotation System of the Mexican Stock Exchange.
Amundi's Physical Gold ETC is designed to provide a secure and cost-effective way to invest in gold, with a Total (EPA:TTEF) Expense Ratio of 0.12% per annum. The issuer emphasizes that the securities are backed by allocated gold, stored in HSBC Bank plc's London vault.
Investors should note that the ETC Securities do not pay periodic interest. The scheduled maturity date for the securities is May 23, 2118, and the issuer, Amundi Physical Metals plc, is a special purpose vehicle with limited recourse to the secured property. The issuer has clarified that once the secured property is liquidated, no further claims can be made against it.
This issuance is part of Amundi's ongoing efforts to provide investors with access to gold price movements through the securities market. The information for this announcement is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.