VanEck launches gold bullion ETF that can be accessed at the vault
Sydney, 6 December 2022 – VanEck Gold Bullion ETF (ASX code: NUGG) will list on ASX on 7 December 2022. The ETF will be physically backed by gold bullion sourced only from Australian gold producers and which can be converted by investors, from their ETF holdings, into physical gold at The Perth Mint.
Arian Neiron CEO and Managing Director VanEck, Asia Pacific said “NUGG is an exciting launch, extending on VanEck’s global leadership in gold investing that stretches more than 50 years, encompassing gold equites and bullion across ETFs and active funds. VanEck launched the US’s first gold equity fund in 1968, and that fund is still around today. Our gold miners ETF (GDX), since its launch in 2006, is one of the most actively traded ETFs in the world.”
NUGG is VanEck’s 32nd ETF listed on ASX and has been designed with Australian investors in mind.
“Investors are increasingly looking for transparency for their precious metals purchases. The gold bullion that physically backs NUGG, is held in a vault at The Perth Mint and is sourced from Australian gold producers. A list of the allocated gold bars that make up the Fund’s assets will be made available on our website daily.” Neiron said.
In addition to liquidity on the ASX, NUGG gives investors the option of converting their NUGG holdings into physical gold from The Perth Mint.
Neiron continued, “NUGG’s launch is timely given the financial and political uncertainty the world faces. History has shown, when confidence erodes, or when there is extreme volatility in markets, investors turn to gold. Importantly, with NUGG investors can gain confidence from the ability to physically access the gold from The Perth Mint, gold that is Australian sourced.”
“NUGG will be the most cost-effective gold ETF on ASX, giving access to this unique asset class.”