LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of its popular Physical Gold ETC, marking the 630th tranche since the product's inception. The issue consists of 24,000.00 ETC Securities, bringing the total number of securities in circulation to 49,922,155.00.
The Amundi Physical Gold ETC offers investors exposure to gold prices without the need for physical delivery. Each ETC security is linked to a specific weight in gold, known as the Metal Entitlement, which is subject to a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum. This fee is designed to cover the operational expenses of the ETC program.
The ETC Securities are backed by physical gold held in allocated accounts, ensuring that each security is supported by a precise amount of the precious metal. The issuer, Amundi Physical Metals plc, has appointed HSBC (LON:HSBA) Bank plc as the custodian to hold the gold on an allocated and segregated basis.
The newly issued tranche, which is scheduled to mature on May 23, 2118, will be available for trading on several major stock exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, the securities have been admitted to trading on the International Quotation System of the Mexican Stock Exchange.
Investors interested in gaining exposure to the gold market can consider the Amundi Physical Gold ETC as an alternative to direct investment in the metal. The securities are designed to reflect the performance of gold prices, offering a convenient way to participate in the gold market through the securities market.
This issuance is based on a press release statement and comes amid a time when investors are increasingly looking for safe-haven assets amidst market volatility. The Amundi Physical Gold ETC provides a secure and cost-effective option for investors seeking to add gold to their investment portfolios.
For more information on the specific terms of the ETC Securities, investors are encouraged to review the final terms of the issuance and the base prospectus, which detail the contractual terms and general provisions applicable to the securities.
(Note: The article is based on a press release statement and does not include any speculative or promotional content. It provides factual information about the issuance of a new tranche of gold-backed ETC securities by Amundi Physical Metals plc.)
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