LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Amundi Physical Gold ETC, marking the 629th tranche since the series was introduced. The latest issuance comprises 712,000.00 ETC Securities, bringing the total number of ETC Securities immediately following the issue to 49,898,155.00.
The Amundi Physical Gold ETC provides investors with exposure to physical gold, with each security entitling the holder to a metal entitlement of 0.04 fine troy ounces at the series issue date. The metal entitlement for each ETC Security decreases slightly over time to cover operational expenses, reflected in a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum.
As per the final terms dated December 9, 2024, the new tranche of ETC Securities has been admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris and Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Applications have also been made for trading on the International Quotation System of the Mexican Stock Exchange.
Investors interested in gold exposure may consider the Amundi Physical Gold ETC as an alternative to direct investment in the metal. The ETC Securities are backed by allocated gold held in custody, ensuring that the obligations under the securities are supported by physical assets. However, the securities do not pay periodic interest, and the return on investment depends on the price movements of gold.
The ETC Securities are designed to be freely transferable, subject to market regulations and certain selling restrictions. The issuer, Amundi, is a well-established entity in the precious metals space, offering various investment solutions linked to gold and other metals.
This news is based on a press release statement and provides investors with updated information on Amundi's gold-backed ETC offerings. The issuance of the new tranche underscores the continued demand for gold as an investment asset and the growth of exchange-traded commodities as a convenient way to participate in the gold market.
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