LONDON – Amundi Physical Metals plc has issued a new tranche of its gold-backed exchange-traded commodity (ETC), expanding its offerings under the Secured Precious Metal Linked ETC Securities Programme. The latest issuance, Tranche 634, includes 30,000 ETC Securities of the Amundi Physical Gold ETC, which now totals over 51 million securities immediately following this issue. The Amundi Physical Gold ETC provides investors with exposure to gold prices without requiring physical delivery of the metal. Each ETC security is backed by a specific amount of gold, known as the Metal Entitlement, which decreases over time to cover operational fees. As of…
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The evidence is building that institutional investors including pension funds are looking more towards ETFs as an appealing investment vehicle. Recent analysis compiled by Blackrock found that pension funds especially are more aware of ETF benefits than ever before. They noticed the resilience of fixed income ETFs at the start of the Covid-19 crisis in the spring of 2020, and the subsequent use of these products by the Federal Reserve for its monetary policy. The Covid-19 crisis and following market events have emphasized the importance of having sufficient liquidity in investment portfolios. As ETFs are often used as liquidity sleeves…
Image source: Getty Images Shares in Rentokil Initial (LSE:RTO) have consistently underperformed the FTSE 100 over the last few years. But I’ve high expectations for the stock in 2025. My investment thesis has two parts. The first is the price-to-earnings (P/E) multiple the stock‘s trading at. And the second is that the underlying business is showing signs of recovery. Valuation Rentokil shares currently trade at a P/E multiple of 26. That doesn’t look particularly low, especially compared with the FTSE 100 trading at an average P/E of around 15. There are however, a couple of things worth noting. The first…
ZURICH (Reuters) – Switzerland on Friday published a long-awaited parliamentary report into last year’s collapse of Credit Suisse, an event that called into question the country’s reputation for financial stability and prompted far-reaching questions about what went wrong. Following an 18-month inquiry, the parliamentary committee made 30 recommendations and requests it said could help prevent a similar crisis in the future. Below are some of the key ones: UBS AND TOO-BIG-TO-FAIL UBS bought Credit Suisse in an emergency rescue, leaving it as Switzerland’s sole globally systemically important bank. The government must take into account how much bigger UBS is in…
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures (BZ=F) fell by 33 cents, or 0.45%, to $72.55 a barrel by 0730 GMT. U.S. West Texas Intermediate crude futures eased 32 cents, or 0.46%, to $69.06 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China’s crude imports could peak as soon as 2025 and the country’s oil consumption would peak by 2027…
Image source: Getty Images The FTSE 250 is awash with real estate investment trusts (REITs), a popular choice among investors looking for stable dividend income. REITs are similar to property investment trusts in that they provide exposure to the housing market. For investors lacking the funds to buy property directly, they’re an easily accessible alternative. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of…
By Maria Martinez BERLIN (Reuters) – The business climate index in Germany’s retail sector fell slightly in normally consumer spending-heavy December, as retailers assess their current situation as somewhat worse than in November, the Ifo Institute said on Friday. Business expectations for the coming months also declined slightly, Ifo added. This year was very challenging for the retail sector and the overall economic environment is likely to remain difficult in 2025, “even though many retailers are hoping for an improvement in consumer sentiment,” said Ifo expert Patrick Hoeppner. Although the business climate in the consumer goods industry initially improved in…
(Reuters) – European shares were on course to post their worst week in three months on Friday, as U.S. President-elect Donald Trump’s comments about potential tariffs on the European Union further spooked investors already worried about the rate outlook. The pan-European index fell 0.8% by 0812 GMT, trading at its lowest in nearly a month and on course for its biggest weekly decline since early September. Trump said that the EU must purchase U.S. oil and gas to make up for its “tremendous deficit” with the world’s largest economy, or face tariffs. All the major European subsectors were in the…
LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of 120,000 new ETC Securities, identified as Tranche 635 of the Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. This issuance, dated December 20, 2024, contributes to the growing aggregate number of ETC Securities, now totaling 51,402,155. The ETC Securities, each initially representing 0.04 fine troy ounces of gold, are designed to provide investors with exposure to gold prices. The securities are backed by physical gold held by HSBC Bank plc, acting as the custodian, and are subject to a Total (EPA:) Expense Ratio…
Image source: Getty Images I won’t keep anyone in suspense – I don’t have a positive outlook for the Nvidia (NASDAQ:NVDA) share price in 2025. After an outstanding couple of years, I think things are finally starting to change. Over the last six months, the stock’s traded sideways as revenue growth’s started to decline. I think this is set to continue next year, which makes me pessimistic about Nvidia shares. Revenue growth Nvidia shares are up over 2,000%, but the majority of the increase has come in the last two years. And the reason for this is actually fairly straightforward. …