Merk’s physical gold ETF will be marketed by Van Eck, rebranded as
Van Eck Merk Gold Trust
Van Eck Global and Merk Investments LLC are today announcing that Van
Eck has begun to act as marketing agent for the Van
Eck Merk Gold Trust (NYSE Arca:OUNZ), previously known as the Merk
Gold Trust.
OUNZ, launched by Merk President & CIO Axel Merk and his team, seeks to
provide investors with a convenient and cost-efficient way to buy and
hold gold through an exchange-traded fund (ETF) while also giving
investors the option to take physical delivery of gold if and when
desired. While other exchange-traded products provide investors with
exposure to gold, OUNZ is the only that provides a patented, physical
gold delivery option.
“Van Eck has a long history of gold investing. We launched the first
gold mutual fund and the first gold miners ETF in the U.S.,” said Jan
van Eck CEO of Van Eck Global. “Through OUNZ, investors may buy gold
with the ease of an ETF, but also have the option to take delivery of
their gold when they want, where they want, in the form they want. We’re
pleased to be teaming up with Merk Investments to offer the fund to more
investors.”
OUNZ joins other gold-themed offerings in the Van Eck family of funds,
including Market
Vectors® Gold Miners ETF (NYSE Arca:GDX), Market
Vectors® Junior Gold Miners ETF (NYSE Arca:GDXJ) and the Van
Eck International Investors Gold Fund (ticker:INIVX).
“Van Eck’s long and storied history in gold investing makes them a
natural partner for us as we continue to educate investors about OUNZ
and the role that physical gold exposure can play in a portfolio,” said
Axel Merk. “Our unique approach to providing investors with the
opportunity to redeem their shares for physical gold coupled with Van
Eck’s deep knowledge base, marketing acumen and outstanding reputation
make this a very exciting partnership.”
Merk remains the sponsor of this exchange-traded product, which is being
rebranded as Van Eck Merk Gold Trust. The ticker symbol for the fund,
OUNZ, will remain the same. OUNZ will continue to feature an expense
ratio of 0.40 percent.
About Van Eck Global
Founded in 1955, Van Eck Global was among the first U.S. money managers
to help investors achieve greater diversification through global
investing. Today, the firm continues this tradition by offering
innovative investment choices in specialized asset classes such as hard
assets, emerging markets, and precious metals including gold. Van Eck
offers a broad array of Market Vectors ETFs spanning broad-based and
specialized asset classes, and is one of the largest providers of ETPs
in the U.S. and worldwide. The Firm has offices around the world and
managed approximately $25.4 billion in investor assets as of September
30, 2015.
About Merk Investments
Merk is a leader in the currency asset class and a pioneer in providing
uncorrelated returns and portfolio diversification through transparent
no-load currency and gold funds. The Merk Funds may provide valuable
diversification benefits. Merk White Papers and other primary research
on the currency asset class and gold can be found at www.merkfunds.com.
Aside from the Van Eck Merk Gold Trust, the Merk Funds® include: the
Merk Hard Currency Fund® (MERKX), the Merk Asian Currency Fund® (MEAFX),
and the Merk Absolute Return Currency Fund® (MABFX).
This material must be preceded or accompanied by a prospectus. Before
investing, you should carefully consider the Trust's investment
objectives, risks, charges and expenses. This and other information is
in the prospectus, a copy of which may be obtained by visiting www.vaneck.com/ounz
or calling 800-826-2333. Please read the prospectus carefully before you
invest.
Investing involves risk, including possible loss of principal. The Trust
is not an investment company registered under the Investment Company Act
of 1940 or a commodity pool for the purposes of the Commodity Exchange
Act. Shares of the Trust are not subject to the same regulatory
requirements as mutual funds. Because shares of the Trust are intended
to reflect the price of the gold held in the Trust, the market price of
the shares is subject to fluctuations similar to those affecting gold
prices. Additionally, shares of the Trust are bought and sold at market
price, not at net asset value (“NAV”). Brokerage commissions will reduce
returns.
The request for redemption of shares for gold is subject to a number of
risks including but not limited to the potential for the price of gold
to decline during the time between the submission of the request and
delivery. Delivery may take a considerable amount of time depending on
your location. Commodities and commodity-index linked securities may be
affected by changes in overall market movements and other factors such
as weather, disease, embargoes, or political and regulatory
developments, as well as trading activity of speculators and
arbitrageurs in the underlying commodities.
The sponsor of the Trust is Merk Investments LLC (the “Sponsor”). Van
Eck Securities Corporation and Foreside Fund Services, LLC, provide
marketing services to the Trust.
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