OUNZ
VanEck Merk Gold ETF
OUNZ
VanEck Merk Gold ETF
OUNZ
VanEck Merk Gold ETF
OUNZ
VanEck Merk Gold ETF
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NAV$24.78
as of November 14, 2024 -
YTD RETURNS24.17%
as of November 14, 2024 -
Total Net Assets$1.17B
as of November 14, 2024 -
Expense Ratio0.25%
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Inception Date05/16/2014
Fund Description
VanEck Merk® Gold ETF seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold.
Overview
Fund Highlights
- Deliverability
VanEck Merk Gold ETF holds gold bullion in the form of allocated London Bars. It differentiates itself by providing investors with the option to take physical delivery of gold bullion in exchange for their shares.
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Convertibility
For the purpose of facilitating delivery, Merk has developed a proprietary process for the conversion of London Bars into gold coins and bars in denominations investors may desire.
- Tax Efficiency
Taking delivery of gold is not a taxable event as investors merely take possession of what they already own: the gold.