Investors recognize the benefits of physical gold exposure and the
ability to take delivery of gold if and when desired
Van
Eck Merk Gold Trust (NYSE Arca:OUNZ), launched in May 2014, has
surpassed $100 million in assets under management.
“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," said Axel Merk, President of Merk Investments, the sponsor
of OUNZ.
"Investors tell us OUNZ is exactly what they are looking for – a
deliverable gold ETF to diversify their portfolio."
OUNZ
seeks to provide investors with a convenient and cost-efficient way to
buy and hold gold through an ETF while also giving investors the option,
if they desire, to take physical delivery of the metal. OUNZ
is the only ETF that provides its patented, physical gold delivery
option.
While most OUNZ
investors choose to hold their gold with OUNZ,
some investors have elected the option of taking delivery of their gold
at an address of their choice; deliveries for as little as one ounce may
be requested. In February, OUNZ
investors 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. Because investors own a pro-rata share of
the gold held in OUNZ,
taking delivery and/or exchanging the gold into other coins and bars is
not a taxable event.
OUNZ
is one of several gold-oriented offerings in the VanEck family of funds.
These include 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).
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.
About VanEck
Founded in 1955, VanEck was among the first U.S. asset 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. VanEck 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.
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).
Important Disclosures
This material must be preceded or accompanied by a prospectus. Before
investing, you should carefully consider the Van Eck Merk Gold Trust's
(the “Trust”) investment objectives, risks, charges and expenses. This
and other information is in the prospectus, a copy of which may be
obtained by visiting vaneck.com/ounz
or calling 800-826-2333. Please read the prospectus carefully before you
invest.
Please see www.merkgold.com/patent.html
for more information on U.S. patent #8,626,641 granted to Merk
pertaining to the delivery process for OUNZ.
London Bars: a gold bar meeting the specifications for weight,
dimensions, fineness (or purity), identifying marks and appearance of
gold bars set forth in “The Good Delivery Rules for Gold and Silver
Bars” published by the London Bullion Market Association (“LBMA”).
ETF: exchange-traded fund
This press release does not constitute legal or tax advice. Please read
the prospectus and consult with your tax adviser for tax related
questions pertaining to OUNZ.
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.
Diversification does not assure profit nor protect against loss.
Investing involves substantial risk and high volatility, including
possible loss of principal. An investor should consider the investment
objective, risks, charges and expenses of GDX, GDXJ, and INIVX carefully
before investing. To obtain a prospectus and summary prospectus, which
contain this and other information, call 800.826.2333 or visit
vaneck.com. Please read the prospectus
and summary
prospectus carefully before investing.
Van Eck Securities Corporation, Distributor for GDX, GDXJ, and INIVX
666
Third Avenue, New York, NY 10017
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