LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, under its Secured Precious Metal Linked ETC Securities Programme. The latest issuance, Tranche 645, consists of 346,500 ETC Securities, bringing the total number of ETC Securities immediately following the issue to 53,763,959.00.
The ETC Securities aim to provide investors with exposure to gold prices without the need to take physical delivery of the metal. Each ETC Security is related to a specific amount of gold, known as the Metal Entitlement. As of the Subscription Trade Date for the relevant tranche, the Metal Entitlement per ETC Security stands at 0.03968891 fine troy ounces.
This issuance, dated January 16, 2025, is part of a long-standing programme that began with the Series Issue Date on May 23, 2019, and is scheduled to mature on May 23, 2118. The programme allows for ETC Securities to be offered by any Authorised Offeror, providing investors with a regulated means of gaining exposure to the gold market.
The ETC Securities are secured by gold held by the Custodian and are generally held on an "allocated" basis, ensuring that the gold is segregated in the name of the Issuer for the account of the relevant Series. To back its obligations under the ETC Securities, the Issuer maintains enough gold to meet its obligations, with the Metal Entitlement decreasing daily by a Total (EPA:TTEF) Expense Ratio (TER) to fund the Issuer's operational fee.
Applications have been made for the ETC Securities to be admitted to trading on regulated markets including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). The ETC Securities have already been admitted to trading on these exchanges, as well as on the International Quotation System of the Mexican Stock Exchange.
Investors interested in the Amundi Physical Gold ETC can gain exposure to gold price movements through a security that is tradable like a stock, yet backed by physical gold. The information provided here is based on a press release statement.
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