LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of 646,300 new ETC securities, representing Tranche 651 of the Amundi Physical Gold ETC, as part of its Secured Precious Metal Linked ETC Securities Programme. This latest tranche, issued on January 24, 2025, increases the total number of ETC securities in this series to 56,724,459.
The ETC Securities offer investors exposure to physical gold, with an initial metal entitlement of 0.04 fine troy ounces per security at the series issue date on May 23, 2019. As of the subscription trade date for this tranche, the metal entitlement stands at 0.03968787 fine troy ounces.
The ETC Securities are designed to provide a secure and cost-efficient way to invest in gold, with a Total (EPA:) Expense Ratio of 0.12% per annum. They are linked to the price of gold and aim to track the performance of the metal, less fees. The ETC securities are redeemable, with a nominal amount of USD 5.085 and a specified interest amount of USD 0.051 per security based on a 10% of the issue price as at the series issue date.
Amundi Physical Metals plc has arranged for the ETC Securities to be admitted to several European exchanges, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:), as well as to the International Quotation System of the Mexican Stock Exchange. This broadens the accessibility of the securities to a wide range of investors seeking gold exposure.
Investors are reminded that the value of ETC securities can fluctuate based on the price movements of the underlying metal and market perceptions. Additionally, the ETC Securities are secured, limited recourse obligations of the issuer, and in the event of insolvency, investors will only have claims against the secured property.
The information in this article is based on a press release statement from Amundi Physical Metals plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.