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LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of 28,400 additional ETC securities, identified as Tranche 652 under its Amundi Physical ETC. This brings the total number of ETC securities in the series to 56,752,859. The newly issued tranche, dated January 27, 2025, is part of Amundi’s ongoing efforts to provide investors with exposure to physical gold.<\/p>\n
The Amundi Physical Gold ETC is designed to track the performance of gold prices, offering an alternative to direct investment in the precious metal. The securities are backed by allocated gold stored in secure vaults, with each ETC security representing a specific entitlement to gold, which diminishes slightly each day to cover operational expenses at an annual rate of 0.12%.<\/p>\n
Investors should note that the ETC securities are not the equivalent of investing in gold directly, as they are financial instruments subject to market fluctuations and other risks inherent to securities trading. The value and secondary market price of the ETC securities can go up or down, and performance may not mirror past trends.<\/p>\n
The ETC securities are part of a secured precious metal-linked program and are secured by the allocated gold, with limited recourse to the issuer’s other assets. In the event of issuer insolvency, the ETC securities rank equally amongst themselves and are subject to the creditworthiness of the issuer and other transaction parties, such as the metal counterparty and the custodian.<\/p>\n
The ETC securities are freely transferable, subject to market conditions and restrictions in certain jurisdictions. They have been admitted to trading on several regulated markets, including Euronext <\/span><\/span> <\/span><\/span> (EPA:) Paris, Euronext Amsterdam, the Deutsche B\u00f6rse, the Borsa Italiana, and the London Stock Exchange <\/span><\/span> <\/span><\/span> (LON:), with applications also made for trading on the International Quotation System of the Mexican Stock Exchange.<\/p>\n This issuance, based on a press release statement, reflects Amundi’s commitment to providing investors with accessible gold-backed investment options amidst fluctuating market conditions.<\/p>\n Investors are advised to consider the base prospectus and final terms of the securities when making investment decisions, as these documents contain full details on the issuer, the offer, and associated risks.<\/p>\n This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n