Amundi issues new tranche of Gold ETC securities By Investing.com

LONDON – Amundi Physical Metals plc announced on Monday the issuance of a new tranche of its exchange-traded commodity (ETC) Amundi Physical Gold ETC. The new tranche, Tranche 640, consists of 40,000 ETC securities, adding to the total number of ETC securities in the series. , which is now 52,834,759.00 after this release.

The securities, which are linked to the price of physical gold, provide investors with the precious metal The issue date of the tranche is set for January 6, 2025, and the maturity date is much earlier: On May 23, 2118.

The issuer, Amundi Physical Metals plc, has set a total management expense ratio for ETC securities of 0.12% per annum.This fee is intended to cover all operational costs associated with the securities.

Amundi has filed applications for ETC securities to be admitted to trading on several regulated markets, including: Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana and London Stock Exchange (LON:) In addition, the securities are scheduled to be admitted to trading on the Mexican Stock Exchange’s International Quotation System, subject to private placement exemptions.

ETC securities issued are secured, limited resource obligations of the issuer, which means that investors have recourse only to the secured property, mainly gold, and not to the issuer’s other assets.In the event of insolvency, ETC securities rank equally among themselves.

This release follows the regulatory framework set by the United States Kingdom (TADAWUL.) Financial Conduct Authority with the Main Prospectus approved on 3 May 2024. The final terms of ETC securities are intended to provide investors with key information necessary to understand the nature and risks of the issuer and the securities.

Investors interested in Amundi Physical Gold ETC can view gold price movements through the stock market without the need for physical gold delivery. The information provided is based on Amundi Physical Metals plc press release.

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