LONDON – Amundi Physical Metals PLC has announced the issuance of a new tranche of Amundi physical gold, etc., under its associated precious metal securities programme. The new issue, Tranche 653, consists of 165,000 securities, and follows the company’s ongoing strategy of providing investors with exposure to gold prices.
The latest tranche brings the total number of ETC securities in the series to 56,862,859.00, each with an initial metal maturity of 0.04 ounces. The issue date for this tranche is set for Tuesday, January 28, 2025, with a maturity date set in the future, on May 23, 2118.
Amundi ETC securities are designed to provide investors with exposure to the gold market without having to physically hold the metal. The securities are backed by gold held in dedicated accounts, ensuring that each security corresponds to a specific amount of gold.
The overall expense ratio for managing ETC securities remains low at 0.12% per annum, which is deducted from the metal maturity of the ETC securities. This fee structure is intended to make investing more cost effective for participants.
ETC securities have been submitted for acceptance on several prominent trading venues, including Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and London Stock Exchange (color :). In addition, it has been introduced to the international quotation system of the Mexican Stock Exchange, expanding the base of potential investors.
Investors interested in physical gold Amundi can gain exposure to the price of gold, which is subject to market fluctuations. The securities offer a secured investment but come with limited recourse, meaning investors’ claims are limited to the secured property backing the ETC securities.
The information provided is based on a press release conducted by Amundi Physical Metals PLC and is intended to provide a factual overview of the new chip offering without any endorsement of the claims. Prospective investors should consider the full terms and conditions of ETC securities, as well as their own investment objectives and risk tolerance, before making any investment decisions.
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