Amundi Physical Metals plc has announced the issuance of the 697th tranche of its Amundi Physical Gold ETC, adding 655,000 ETC Securities to the series. This brings the total outstanding ETC Securities to 62,084,859.
The Amundi Physical Gold ETC, traded under the ticker GLDA, provides investors with exposure to gold prices without requiring physical delivery of the metal. Each ETC Security corresponds to a specified amount of gold, known as the Metal Entitlement, which decreases daily by 0.12% annually to cover operational costs.
The securities are backed by allocated gold holdings secured with HSBC Bank plc as Custodian, ensuring each ETC is supported by a specific quantity of physical gold. The product offers a liquid, tradable alternative to direct gold investment, with listings on multiple exchanges including Euronext Paris, Amsterdam, Deutsche Börse, Borsa Italiana, London Stock Exchange, and Mexico’s International Quotation System.
Investors should be aware that the value of the ETC Securities fluctuates with the gold market and that these securities do not represent direct ownership of physical gold. Risks include market volatility, gradual reduction in metal entitlement due to operational fees, and regulatory or tax changes.
This issuance is part of Amundi Physical Metals plc’s Secured Precious Metal Linked ETC Securities Programme governed under Irish law. In the event of insolvency, ETC Securities rank equally and recourse is limited to the secured gold assets.
