Amundi Physical Metals plc has announced the issuance of 555,300 new ETC Securities under its Secured Precious Metal Linked ETC Securities Programme. This latest tranche, numbered 667, builds upon the 54.9 million ETC Securities issued since the series began on May 23, 2019.
Gold-Backed Securities for Market Exposure
Each ETC Security is directly linked to a specified quantity of physical gold, allowing investors to gain exposure to gold price movements without requiring physical ownership. These securities serve as an alternative to direct investment in gold, appealing to investors seeking a cost-effective and liquid method to participate in the gold market.
With a Total Expense Ratio (TER) of 0.12% per annum, the securities provide a low-cost option compared to traditional gold investment vehicles. They are fully secured by physical gold, held by HSBC Bank plc, the designated custodian, on an allocated basis—ensuring that each security corresponds to a specific amount of gold.
Issuance Details & Market Listing
The latest ETC Securities tranche is set to be issued on March 12, 2025, with a maturity date of May 23, 2118. The securities are listed on multiple regulated exchanges, including:
Euronext Paris (EPA:ENX)
Euronext Amsterdam
Deutsche Börse
Borsa Italiana
London Stock Exchange (LON:LSEG)
International Quotation System of the Mexican Stock Exchange
Investment Considerations & Market Risks
As with all gold-linked financial products, the value of these ETC Securities is subject to gold price fluctuations. Investors should be aware that past gold price performance may not necessarily predict future trends. Additionally, market perception, credit risk of transaction parties, and the liquidity of the ETC Securities on secondary markets can impact their performance.
This information is based on an official press release from Amundi Physical Metals plc. Investors are encouraged to conduct thorough due diligence before making investment decisions.
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