LONDON – Amundi Physical Metals plc has issued a new tranche of its gold-backed exchange-traded commodity (ETC), expanding its offerings under the Secured Precious Metal Linked ETC Securities Programme. The latest issuance, Tranche 634, includes 30,000 ETC Securities of the Amundi Physical Gold ETC, which now totals over 51 million securities immediately following this issue.
The Amundi Physical Gold ETC provides investors with exposure to gold prices without requiring physical delivery of the metal. Each ETC security is backed by a specific amount of gold, known as the Metal Entitlement, which decreases over time to cover operational fees. As of the subscription trade date for this tranche, the Metal Entitlement stands at 0.0396927 fine troy ounces per security.
The ETC Securities were listed on December 18, 2024, and are scheduled to mature on May 23, 2118. They carry a Total (EPA:) Expense Ratio of 0.12% per annum and are designed to mirror the performance of gold prices, less the Total Expense Ratio and other applicable fees.
Applications have been made for the ETC Securities to be admitted to trading on several regulated markets, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:), and the International Quotation System of the Mexican Stock Exchange.
Investors interested in the gold market can gain exposure through this financial instrument, which is an alternative to direct gold investment. The issuer, Amundi Physical Metals plc, is a public company incorporated in Ireland, with the securities being secured by the underlying gold.
This issuance is based on a press release statement and provides investors with another opportunity to invest in gold-linked securities. The ETC Securities may not be the exact equivalent of an investment in gold but offer a level of participation in the gold market through the securities market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
