LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Amundi Physical Gold ETC, designated as Tranche 624, consisting of 132,200.00 ETC Securities. This addition follows the company's strategy to provide investment solutions linked to the price of gold.
The ETC Securities issued under the Secured Precious Metal Linked ETC Securities Programme aim to offer investors exposure to gold without the necessity of taking physical delivery. Each ETC Security is associated with a specific amount of gold, known as the Metal Entitlement, which decreases daily by a Total (EPA:TTEF) Expense Ratio (TER) to cover operational fees.
The issue date for this tranche is set for November 28, 2024, with the securities being admitted to trading on various regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, these securities have been admitted to trading on the International Quotation System of the Mexican Stock Exchange under private placement exemptions.
Investors should note that the value, secondary market price, and redemption amounts of the ETC Securities can be influenced by fluctuations in the gold price, market perceptions, and the liquidity of the ETC Securities in the secondary market. Gold, known for its volatility, may present risks and complexities higher than other asset classes.
The issuer, Amundi Physical Metals plc, has been established as a special purpose vehicle, holding no material assets other than its paid-up share capital and the assets securing each series of ETC Securities, primarily gold. The ETC Securities are secured obligations of the issuer, and in the event of insolvency, they rank equally with other series of ETC Securities.
This information is based on a press release statement and aims to provide investors with key facts related to the new issuance of ETC Securities by Amundi Physical Metals plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.