Amundi Physical Metals issues 45,000 gold ETC securities

Amundi Physical Metals plc has announced the issuance of 45,000 new ETC securities (Tranche 717) under its Physical Gold ETC program, bringing the total outstanding to over 59.5 million units. Scheduled for issuance on July 9, 2025, these ETCs are designed to track gold prices, are fully backed by allocated physical gold held by HSBC, and feature a competitive total expense ratio of 0.12% per annum. Applications for admission to trading have been made across major European exchanges including Euronext, Deutsche Börse, Borsa Italiana, and the London Stock Exchange, alongside the Mexican Stock Exchange, enhancing accessibility for institutional investors seeking liquid, physically-backed gold exposure.

Analysis

Amundi Physical Metals plc is expanding its Physical Gold ETC program through the issuance of 45,000 new securities, designated as Tranche 717. This action will increase the total number of securities in the series to 59,582,859, signaling sustained investor demand for this gold-backed instrument. The product's structure is noteworthy for being fully backed by allocated physical gold held in custody by HSBC Bank plc, offering direct exposure to the underlying commodity rather than synthetic replication. A key competitive feature is its low total expense ratio (TER) of 0.12% per annum. The planned admission to major European exchanges—including Euronext Paris, London Stock Exchange, and Deutsche Börse—along with the Mexican Stock Exchange, is set to broaden its accessibility and enhance liquidity. While the issuance itself is a routine operational event with low market impact, it serves as a clear indicator of consistent investor flows into physically-backed, low-cost precious metal products.

Key Decisions for Investors

• Investors seeking low-cost, physically-backed gold exposure should consider this ETC a competitive option, given its 0.12% annual expense ratio and broad exchange accessibility.
• The continued expansion of this fund signals persistent investor demand for gold, which can be interpreted as a data point supporting a bullish view on precious metals sentiment and safe-haven flows.
• The institutional-grade structure, with physical gold held by HSBC and listings on multiple regulated markets, provides a layer of security that may appeal to risk-averse investors allocating to commodities.