Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

VanEck

  •   29 May 2023
  •      
  •   

VanEck to reduce management fee for NUGG

Sydney 29 May 2023 - VanEck Australia is pleased to announce it is reducing the management fee for its Gold Bullion ETF (ASX code: NUGG) to 0.25% p.a.

Arian Neiron, Managing Director, VanEck, Asia Pacific said: “In the months since we launched NUGG, we have been astounded by investor interest in gold and gold equities. NUGG is different from other gold bullion ETFs as it is physically backed by gold bullion sourced only from Australian gold producers and investors can convert their ETF holdings into physical gold at The Perth Mint. It was also the most cost-effective physically backed gold ETF on ASX.

“After a fee review, as we approach six months since NUGG’s launch, we have decided to reduce NUGG’s management fee. NUGG’s new fee will enable more investors to gain exposure to VanEck’s gold bullion strategy, further extending our leadership in the gold space. This makes the most cost-effective physical gold ETF even more affordable.

“The fee reduction comes at an opportune time for investors given the current market volatility. 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 gold that is only Australian sourced and the ability to physically access the gold from The Perth Mint.

“We are confident that the new fee will encourage more investors and their advisers to consider NUGG for their gold exposure. The new fee is consistent with our business objective of providing investors with opportunities to access the best investment outcomes.

“VanEck’s global leadership in gold investing 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), launched in 2006, is one of the most actively traded ETFs in the world.”

 

  •   29 May 2023
  •      
  •   
banner

Most viewed in recent weeks

Retirement income expectations hit new highs

Younger Australians think they’ll need $100k a year in retirement - nearly double what current retirees spend. Expectations are rising fast, but are they realistic or just another case of lifestyle inflation?

Four best-ever charts for every adviser and investor

In any year since 1875, if you'd invested in the ASX, turned away and come back eight years later, your average return would be 120% with no negative periods. It's just one of the must-have stats that all investors should know.

Why super returns may be heading lower

Five mega trends point to risks of a more inflation prone and lower growth environment. This, along with rich market valuations, should constrain medium term superannuation returns to around 5% per annum.

The hidden property empire of Australia’s politicians

With rising home prices and falling affordability, political leaders preach reform. But asset disclosures show many are heavily invested in property - raising doubts about whose interests housing policy really protects.

Preparing for aged care

Whether for yourself or a family member, it’s never too early to start thinking about aged care. This looks at the best ways to plan ahead, as well as the changes coming to aged care from November 1 this year.

Our experts on Jim Chalmers' super tax backdown

Labor has caved to pressure on key parts of the Division 296 tax, though also added some important nuances. Here are six experts’ views on the changes and what they mean for you.        

Latest Updates

Shares

Four best-ever charts for every adviser and investor

In any year since 1875, if you'd invested in the ASX, turned away and come back eight years later, your average return would be 120% with no negative periods. It's just one of the must-have stats that all investors should know.

Our experts on Jim Chalmers' super tax backdown

Labor has caved to pressure on key parts of the Division 296 tax, though also added some important nuances. Here are six experts’ views on the changes and what they mean for you.        

Superannuation

When you can withdraw your super

You can’t freely withdraw your super before 65. You need to meet certain legal conditions tied to your age, whether you’ve retired, or if you're using a transition to retirement option. 

Retirement

A national guide to concession entitlements

Navigating retirement concessions is unnecessarily complex. This outlines a new project to help older Australians find what they’re entitled to - quickly, clearly, and with less stress. 

Property

The psychology of REIT investing

Market shocks and rallies test every investor’s resolve. This explores practical strategies to stay grounded - resisting panic in downturns and FOMO in booms - while focusing on long-term returns. 

Fixed interest

Bonds are copping a bad rap

Bonds have had a tough few years and many investors are turning to other assets to diversify their portfolios. However, bonds can still play a valuable role as a source of income and risk mitigation.

Strategy

Is it time to fire the consultants?

The NSW government is cutting the use of consultants. Universities have also been criticized for relying on consultants as cover for restructuring plans. But are consultants really the problem they're made out to be?

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.