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Amundi issues new tranche of gold-backed ETC securities

Published 12/11/2024, 03:18 AM
GLD
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LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its gold-backed exchange-traded commodities (ETC), under the Amundi Physical Gold ETC series. This latest tranche, number 629, consists of 712,000 ETC securities, which follows the company's secured precious metal linked ETC securities program.

The ETC securities are backed by physical gold, with each security representing a metal entitlement to gold stored in secure vaults. The issue date for this tranche was today, and it brings the aggregate number of ETC securities for the series to 49,898,155.00. Each of these securities initially corresponds to 0.04 fine troy ounces of gold, which is subject to a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum.

The securities are linked to the price of gold, providing investors with exposure to the precious metal without the need to physically hold it. The issuer, Amundi Physical Metals plc, is an established special purpose vehicle created to issue ETC securities backed by physical assets like gold.

Applications have been made for the new tranche of ETC securities to be admitted to trading on several European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, and Borsa Italiana. Additionally, they are slated to be admitted to the London Stock Exchange (LON:LSEG)'s main market and the International Quotation System of the Mexican Stock Exchange.

Investors interested in the gold market can gain exposure through these ETC securities, which offer an alternative to direct investment in the physical metal. The issuer has structured the securities with a scheduled maturity date of May 23, 2118, and they are to be listed under the ISIN code FR0013416716.

The information provided here is based on a press release statement from Amundi Physical Metals plc, and investors should consider the full details available in the base prospectus and any supplements before making an investment decision. The performance of gold as an asset class can be volatile, and the value of the ETC securities can fluctuate accordingly. Investors are advised to understand the risks associated with commodity-linked investments, including the potential for loss of capital.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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