VanEck Merk Gold ETF (OUNZ): Physical Redemption Explained
VanEck Merk Gold ETF (OUNZ) offers investors a way to track gold prices while holding physical gold, such as London Good Delivery bars. Unique for enabling share redemption for physical gold (bars or coins) starting at one ounce , its simple delivery process involves a delivery application, fees, and broker instructions. Shipping is insured, with choices like 1-ounce coins or 10-ounce bars, and a website calculator aids planning. With an expense ratio of 0.25% and around $1 billion in assets under management, OUNZ is lauded for its flexibility, affordability, and investor-friendly redemption. Key Points Physical Gold Backing: OUNZ is structured to hold physical gold in allocated London Good Delivery bars, aiming to track the spot price of gold. Physical Delivery Option: The key differentiator of OUNZ is its provision for investors to redeem shares for physical gold. Minimum Redemption Quantity: A minimum redemption of one ounce is a significant advantage and aligns with information ...