LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche for its Amundi Physical Gold ETC, under its precious metals ETC programme. This issue, tranche 638, adds 26,800 ETC securities to the market, bringing the total number of ETC securities immediately after the issue to 52,775,759.00.
ETC securities are designed to offer investors exposure to gold prices without the need for physical delivery of the metal. Each ETC security is backed by a certain amount of gold, with the initial metal right per ETC security set at 0.04 fine troy ounce on the series issue date of May 23, 2019. The metal right is reduced over time to cover operating fees, with In total (EPA:) The expense ratio is currently set at 0.12% per annum.
The newly issued tranche, with an issue date of 31 December 2024, matures on 23 May 2118. The securities are linked to the performance of allocated gold and provide a secure investment structure with HSBC Bank plc acting as custodian. ETC’s securities are listed and admitted to trading on several major stock exchanges, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:), and the International System of Quotations of the Mexican Stock Exchange.
Investors in ETC securities can have limited recourse to secured assets, primarily gold, and in case of any shortfall after liquidation, no further claims can be made against the issuer. ETC securities are interest-free, with a nominal amount and a specified amount of interest that serve as the minimum repayment amount for early or final redemption of securities.
The information is based on a press release and is intended to provide investors with an effective instrument for exposure to gold prices. The Amundi Physical Gold ETC is part of a broader offering that allows investors to invest in gold through the securities market rather than holding the physical metal.
This news article is based on a press release.
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