LONDON - Amundi Physical Metals plc has announced the issuance of 100,000 new ETC Securities under its Amundi Physical Gold ETC, as part of Tranche 641, with an issue date set for Tuesday. This addition brings the total number of ETC Securities for the series to 52,934,759.
The ETC Securities, linked to the price of physical gold, offer investors an alternative to direct gold investment. Each security in this tranche has a metal entitlement of 0.03969035 fine troy ounces as of the subscription trade date.
Amundi's Physical Gold ETC, with a total expense ratio of 0.12% per annum, is designed to provide investors exposure to gold without the need for physical delivery. The securities are secured by gold held by HSBC Bank plc as the custodian.
The ETC Securities will be admitted to trading on several major exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they will be listed on the International Quotation System of the Mexican Stock Exchange.
The issuer, Amundi Physical Metals plc, has established a program under which these ETC Securities are issued, with each series linked to the price of gold. The program is intended to enable investors to gain exposure to gold price movements through the securities market.
Investors should note that the value of these ETC Securities can fluctuate with the price of gold and may be affected by various factors, including market perception and the creditworthiness of transaction parties.
The information provided is based on a press release statement from Amundi Physical Metals plc, and investors are encouraged to review the full details in the associated Base Prospectus and Final Terms documents for a comprehensive understanding of the offer and associated risks.
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