LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of exchange-traded commodity (ETC) securities, providing investors with additional exposure to gold prices. The latest issuance, Tranche 649, comprises 60,600 ETC Securities of the Amundi Physical Gold ETC, expanding the total number of ETC Securities in circulation to 55,273,159 immediately following the issue.
The ETC Securities, each initially representing 0.04 fine troy ounces of gold, are part of Amundi's Secured Precious Metal Linked ETC Securities Programme. The securities are designed to give investors exposure to gold without the need to physically hold the metal. Issued on January 22, 2025, these securities are scheduled to mature on May 23, 2118.
The securities are linked to the performance of gold and are adjusted by a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, which covers operational fees. This adjustment reduces the Metal Entitlement associated with each ETC Security over time.
Applications have been made for the newly issued ETC Securities to be admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, an application has been made for trading on the International Quotation System of the Mexican Stock Exchange.
The issuer, Amundi Physical Metals plc, is an Ireland-based entity with a focus on issuing ETC Securities linked to precious metals. The latest issuance aims to provide investors with an alternative means of gaining exposure to gold price movements through the securities market.
Investors should be aware that the value of ETC Securities can fluctuate based on gold prices and market conditions. Moreover, the securities are secured, limited recourse obligations, meaning investors have recourse only to the Secured Property and not to any other assets of the issuer.
This issuance is based on a press release statement and provides factual information without endorsement of claims. Investors considering ETC Securities should evaluate the full prospectus, including the risks and specifics of the investment, to make an informed decision.
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