We make OUNZ available to all investors. Even if investors currently don’t plan to take advantage of the opportunity to exchange their shares for gold, they may appreciate that the option to take delivery is available, should they change their mind.
San Francisco, California (PRWEB) May 07, 2015
Merk Gold Trust (NYSE: OUNZ), the deliverable gold ETF, was awarded Most Innovative ETF Hybrid Product of the year, Americas, at the 11th Annual Global ETF Awards in New York. The Annual Global ETF Awards are given by the Exchangetradedfunds.com; each award is nominated and voted on, by leading industry experts within the ETF industry.
“We are very pleased that the ETF industry has recognized that the Merk Gold Trust is an innovative product that allows investors to invest in gold with the convenience of an ETF, while enabling investors to take delivery of the gold they hold through our patented delivery and conversion process” explained James Machuga, senior vice president of advisor services.
The Merk Gold Trust (OUNZ) provides investors with the opportunity to buy and hold gold through an ETF with the option to take delivery of physical gold if and when desired:
•The Merk Gold Trust holds gold bullion as allocated “London Bars” vaulted in London. OUNZ shareholders own a pro-rata share of the gold held by the Trust.
•Investors have the option to take delivery of their gold in exchange for their OUNZ shares. If and when desired, investors may request delivery of the London Bars held by the Trust, as well as exchange their shares for gold coins (or bars) that are more commonly desired by individual investors.
•Typically, taking delivery of gold is not a taxable event, as investors are merely taking possession of what they already own: their gold.*
•As an ETF, OUNZ seeks to track the price of gold less the expenses of the Trust’s operations.
Axel Merk, president and chief investment officer of Merk Investments LLC, the sponsor of the Merk Gold Trust, shared his thoughts behind the creation of his unique ETF. “This product was created due to the fact that we have gold holdings in our Hard Currency Fund and after researching our options, we were not satisfied with current products on the market. We devised the Trust’s Guiding Principles (available in the Prospectus and at http://www.merkgold.com) as the philosophy upon which we built the Merk Gold Trust. By creating an open-end exchange-traded product, we make OUNZ available to all investors. Even if investors currently don’t plan to take advantage of the opportunity to exchange their shares for gold, they may appreciate that the option to take delivery is available, should they change their mind.”
Please see http://www.merkgold.com/patent.html for more information on U.S. patent #8,626,641 granted to Merk.
For important information about the Merk Gold Trust, including how to obtain a prospectus and how to invest, please visit http://www.merkgold.com.
Award methodology: Voting forms were sent out to industry participants on January 8, 2015. The voting closed February 23, 2015. Voters include: product issuers, index issuers, market-makers, stock-exchanges, RIAs, distributers, pension plans, investment managers, insurance companies, banks and academia spanning the regions of the Americas; Asia-Pacific; Africa, Europe and the Middle East. There is no pre-selected list of nominees. There are 49 Award categories spanning three regions. For 2015 winners were selected from over the 975 institutional voting forms.
About Merk Investments LLC
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 http://www.merkfunds.com. The Merk Funds® include: the Merk Hard Currency Fund® (MERKX), the Merk Asian Currency Fund® (MEAFX), the Merk Absolute Return Currency Fund® (MABFX) and the Merk Currency Enhanced U.S. Equity Fund® (MUSFX), as well as the Merk Gold Trust (OUNZ).
About Axel Merk
Axel Merk is the Founder, President and Chief Investment Officer of Merk Investments, the Authority on Currencies. Together with the Merk portfolio team, he manages the Merk Hard, Asian and Absolute Return Currency Funds, as well as the Merk Currency Enhanced U.S. Equity Fund and The Merk Gold Trust. Axel Merk is an expert and on macro trends, hard money, gold and international investing. Visit http://www.merkfunds.com to sign up for Merk Insights, providing the Merk Perspective on the Dollar, gold, macro trends, the Fed, and more.
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The material must be preceded or accompanied by a prospectus. Before investing you should carefully read and consider Merk Gold Trust's ("Trust") investment objectives, risks, charges and expenses. 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 considerable 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.
Trust shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of Trust shares relates directly to the value of the gold held by the Trust (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. The Trust does not generate any income, and as the Trust regularly issues shares to pay for the Sponsor’s ongoing expenses, the amount of gold represented by each Share will decline over time. Investing involves risk, and you could lose money on an investment in the Trust. For a more complete discussion of the risk factors relative to the Trust, carefully read the prospectus.
The sponsor of the Trust is Merk Investments LLC (the “Sponsor”).
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by clicking here. Please read the prospectus carefully. Foreside Fund Services, LLC, distributor.
*It is expected that, if investor submits shares to the Trust, the exchange for physical gold will generally not be a taxable event. See tax discussion in prospectus. Not tax advice; please consult with a tax professional for tax advice.