Amundi Gold ETC Expands with New Securities Tranche Announcement
New Tranche Issued for Amundi Physical Gold ETC
Amundi Physical Metals plc has recently announced an exciting development regarding its Amundi Physical Gold ETC. The company is issuing a new tranche, which increases the total number of ETC securities in this series to an impressive 47,737,455. This new tranche, numbered 620, includes a significant 400,000 ETC securities and is part of the company's specialized Secured Precious Metal Linked ETC Securities Programme.
Details of the ETC Securities Issue
The newly issued ETC securities are linked to a metal entitlement of 0.03969609 fine troy ounces based on the subscription trade date. This tranche is not the first issuance of the series, which initially started on May 23, 2019. Interestingly, the scheduled maturity of these securities extends to an impressive May 23, 2118, providing long-term exposure for investors.
Expense Ratios and Pricing Structure
For potential investors, it is important to note that Amundi has set a competitive total expense ratio for these ETC securities at just 0.12% per annum. The nominal amount is set at USD 5.085, which corresponds to 10 percent of the issue price per ETC security at the time of the series issuance. Additionally, there is a specified interest amount of USD 0.051, which is equivalent to 1 percent of the nominal amount, further enhancing the investment's attractiveness.
Investing in Gold Without Physical Delivery
These ETC securities offer a unique opportunity for investors looking to gain exposure to gold prices without the complexities involved with physical delivery. Amundi Physical Metals plc operates as a special purpose vehicle, ensuring that the performance of these securities is directly linked to gold market movements. Investors can trade these securities on several renowned exchanges, including Euronext and the London Stock Exchange.
Access to Comprehensive Information
Interested investors can access exhaustive details concerning the Amundi Physical Gold ETC through the combination of the final terms document and the base prospectus dated May 20, 2019, complemented by the current base prospectus dated May 3, 2024, along with the supplement released on July 26, 2024. The ISIN for the series is FR0013416716, simplifying the search for these securities.
Frequently Asked Questions
What is the Amundi Physical Gold ETC?
The Amundi Physical Gold ETC is an exchange-traded commodity linked to gold prices, allowing investors to gain exposure without holding physical gold.
How many securities are now available in this series?
With the recent tranche issuance, there are a total of 47,737,455 ETC securities available in the Amundi Physical Gold series.
What is the total expense ratio for these securities?
The total expense ratio for the Amundi Physical Gold ETC securities is set at a competitive rate of 0.12% per annum.
Where can these securities be traded?
These securities can be traded on several major exchanges like Euronext, London Stock Exchange, and the Deutsche Börse among others.
What is the maturity date for the ETC securities?
The maturity date for the Amundi Physical Gold ETC securities extends far into the future, set for May 23, 2118.
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