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Highlights
Amundi Physical Metals adds new tranche of AMGOLD ETC securities
Securities backed by allocated physical gold held by HSBC Bank
Listed on London Stock Exchange under LON:AMGOLD and other European platforms
Amundi Physical Metals plc, operating within the commodities segment on the FTSE 350 index, has announced the issuance of additional securities under its existing gold ETC program. The new tranche adds to the AMGOLD series, trading on the London Stock Exchange under the ticker (LON:AMGOLD), and contributes to the growing presence of gold-backed exchange traded commodities in European markets.
Expansion of ETC Securities Under AMGOLD Program
The new securities issued form part of Tranche 709, aligned structurally with existing AMGOLD ETCs. Backed by physical gold holdings, each security in this tranche retains a metal entitlement calculated on a fine troy ounce basis. This structure continues to attract market attention due to its clear link to the underlying commodity.
Custodial Framework and Storage Structure
Amundi Physical Metals has reaffirmed that the gold reserves linked to these securities are held by HSBC Bank plc. The bank serves as the custodian, managing the gold on an allocated basis within segregated accounts. This arrangement helps maintain transparency and aligns with prevailing standards in commodity-backed instruments.
Market Accessibility Across Exchanges
The AMGOLD ETC securities are listed on several major European exchanges, including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange. In addition, the series is available on the International Quotation System of the Mexican Stock Exchange, broadening access for market participants.
Cost Structure and Product Terms
The securities carry a total expense ratio that remains consistent with previous issues in the AMGOLD series. The scheduled maturity of these ETCs extends beyond conventional terms, with a long-dated horizon structured well into the next century. This reflects the enduring role of gold in diversified financial instruments.
Trading and Gold Entitlement Stability
Each AMGOLD ETC security retains a predefined gold entitlement value as of the subscription trade date, supporting its alignment with physical metal markets. This model enables direct commodity exposure without the complexities associated with physical delivery or storage responsibilities.
Commodities Sector Growth on FTSE Markets
As part of the broader FTSE 100 and FTSE 350 tracked offerings, AMGOLD represents a continued emphasis on gold as a strategic commodity in structured investment formats. The increasing issuance of gold-backed securities further embeds the role of exchange traded commodities within the evolving financial ecosystem of the FTSE landscape.
