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Highlights
Amundi Physical Metals plc issues new tranche under its gold ETC series
Fresh issuance increases total number of securities in the series
Securities backed by physical gold and listed on multiple European exchanges
Amundi Physical Metals plc, operating under the ticker (LON:AMGOLD), continues its activity within the broader FTSE listed space by expanding its gold exchange-traded commodity (ETC) offering. The company has issued a fresh batch of securities under its Secured Precious Metal Linked ETC Securities Programme. The issuance falls within Tranche 709 of the Amundi Physical Gold ETC series and contributes to the growing volume of assets linked to physical gold within the exchange ecosystem.
ETC Securities Linked to Physical Gold
These securities are designed to offer direct exposure to physical gold, avoiding the need for holders to manage physical delivery. Each security in the series is tied to an amount of fine troy ounces of gold, with the metal entitlement adjusted periodically. The current entitlement per unit reflects minor reductions from the initial launch structure, aligning with the common adjustments over time in commodity-based instruments.
Listings Across Major European Exchanges
The newly issued tranche will be admitted to trading across several major exchanges, including the London Stock Exchange under LON:AMGOLD, Euronext Paris, Euronext Amsterdam, Deutsche Börse, and Borsa Italiana. Furthermore, an application has been made for listing on the International Quotation System of the Mexican Stock Exchange, extending the geographical footprint of the series.
Physical Custody and Management Framework
All securities in the Amundi Physical Gold ETC programme are physically backed, with gold securely stored in allocated accounts. HSBC Bank plc functions as the custodian, maintaining oversight of the underlying assets to ensure transparency and asset security. The programme offers a long-term structure with a defined maturity date more than nine decades in the future, aligning with institutional-grade investment frameworks.
Authorised Participants and Trading Facilitation
Liquidity and trading efficiency are supported by a consortium of authorised participants, including HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited. These entities help maintain market flow and provide mechanisms for primary market creation and redemption activities.
Expense Structure and Programme
The Total Expense Ratio for the series remains low, contributing to its accessibility in the commodities-linked securities segment. Launched in the second quarter of calendar year twenty nineteen, the series has undergone periodic issuance expansions, in line with growing interest in physically-backed gold instruments.
Integration Within Broader Index Landscape
As part of the LSE-listed space under LON:AMGOLD, the ETC aligns with market activity in indices such as the FTSE 350, reflecting its relevance to broader asset tracking and diversification trends within the UK-listed commodities and alternatives sector.
