Van Eck Merk Gold Trust ETF reaches $100m in AUM

Apr 15th, 2016 | By | Category: Commodities

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The Van Eck Merk Gold Trust (NYSE Arca: OUNZ) has surpassed $100m in assets under management as it continues to provide investors with a convenient and cost-efficient way to buy and hold gold with the option of taking physical delivery of the metal.

Van Eck Merk Gold Trust ETF reaches $100m in AUM

Brandon Rakszawski, ETF Product Manager for VanEck

Launched in May 2014, OUNZ is the only physical gold ETF that provides investors with a level of flexibility whereby as little as one ounce may be requested for delivery at an address of the investor’s choice.

In February, investors in the fund requested a total of 89 ounces for delivery. To make small deliveries possible, London Bars may be exchanged into other coins and bars at the time of delivery. Exchanging the gold into other coins and bars is not a taxable event.

“We increasingly see investors drawn to OUNZ not only for the simple ETF access it provides to gold, but also its unique feature that enables investors to take delivery of their gold,” said Brandon Rakszawski, ETF Product Manager for VanEck.

“We are thrilled that our partnership with VanEck has been embraced by investors,” added Axel Merk, President of Merk Investments, sub-advisor to the fund. “Investors tell us OUNZ is exactly what they are looking for – a deliverable gold ETF to diversify their portfolio.”

The fund is one of several gold-oriented offerings in the VanEck family of funds. These include the Market Vectors Gold Miners ETF (NYSE Arca: GDX), which tracks the performance of the largest publicly-traded companies worldwide which are primarily involved in the mining for gold and silver; and the Market Vectors Junior Gold Miners ETF (NYSE Arca: GDXJ), which tracks the performance of the most liquid junior companies in the global gold and silver mining industry.

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