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Van Eck to market Merk’s physical gold ETF


Merk has rebranded its physical gold ETF the Merk Gold Trust as the Van Eck Merk Gold Trust (OUNZ) with van Eck assuming the marketing role for the fund.

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 US,” says 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,” says 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 per cent. 

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