VanEck Merk Gold ETF
OUNZ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- May 16, 2014
- CIK
- 0001546652
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Merk Gold ETF (OUNZ) operates as an exchange-traded fund that tracks the LBMA Gold Price index by holding physical gold bullion, primarily in the form of allocated London Bars stored in London vaults, providing investors with capital appreciation based on gold price performance less the fund's expenses. The ETF offers a unique deliverability feature, enabling shareholders to redeem shares for physical gold bullion, including London Bars or converted forms such as gold coins and bars in investor-specified denominations through a proprietary process developed by sponsor Merk Investments LLC; this delivery is structured to minimize cash components and avoid taxable events, as investors take possession of pro-rata gold holdings already owned. Shares trade on the NYSE Arca, with authorized participants creating and redeeming baskets of shares backed by physical gold transfers, ensuring the share price closely reflects gold spot prices. Launched on May 16, 2014, and headquartered in Brooklyn, New York, with sponsor operations linked to Merk Investments LLC in Palo Alto, California, the ETF serves retail and institutional investors seeking gold exposure as a portfolio diversifier without direct physical storage burdens. VanEck, the broader firm managing the ETF, maintains extensive gold-related operations with approximately $20 billion in firmwide gold assets as of March 2024, including complementary products like the VanEck Gold Miners ETF (GDX) and Junior Gold Miners ETF (GDXJ). In recent developments, the fund underwent a name change from VanEck Merk Gold Trust to VanEck Merk Gold ETF, effective August 30, 2024, reflecting its exchange-traded product structure. Assets under management surpassed $1 billion in mid-2024 and reached $2.48 billion by December 2025 amid sustained inflows, driven by gold price appreciation and the ETF's distinctive physical delivery option. The sponsor, Merk Investments LLC, holds U.S. Patent #8,626,641 for its deliverable commodity investment vehicle, underpinning ongoing structural stability with no reported major acquisitions, partnerships, or strategic shifts in the last 1-2 years.