Merk Investments Files to Change Pricing Index for VanEck® Merk® Gold Trust (OUNZ)
Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective July 11, 2023 or as soon as practicable thereafter (the “Index Change Date”).
- Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective July 11, 2023 or as soon as practicable thereafter (the “Index Change Date”).
- Until such time, the NAV of the Trust will continue to be determined using the LBMA PM Gold Price.
- The use of SOLAGOLD as a replacement for the LBMA PM Gold Price could result in materially different net asset values of the Trust.
- "We are thrilled to be working with Solactive AG to facilitate a new gold pricing index of value not only to investors in OUNZ, but potentially a broader range of gold investors," said Axel Merk, President and Chief Investment Officer of Merk.