New Aussie Gold ETF launching soon: NUGG
Gold is considered a safe haven investment and often attracts investors during periods of economic turmoil. It is often used as a means of preserving wealth during times of financial and political uncertainty. It usually does well when other asset classes struggle. It also acts as an inflation hedge.
VanEck is allowing investors the ability to access this opportunity via the VanEck Gold Bullion ETF (ASX: NUGG).
Key points you need to know
- NUGG is an investment in gold of Australian origin.
- For investors looking for transparency around their precious metals purchases, NUGG’s physical gold bullion is produced from gold doré sourced from mining sites located in Australia and whose operations adhere to the LBMA Responsible Gold Guidance.
- As an additional feature, NUGG is physically redeemable; an investor who has opened an account with The Perth Mint may redeem for gold bullion which can be transferred into their account1.
- NUGG will be the most cost-effective physical gold ETF on ASX.
Why gold today
As a unique asset, gold may enhance portfolio diversification, act as store of value and hedge against systemic financial and geopolitical risk.
While these basic principles of gold exposure remain constant over time, it is important to examine more closely the rationale for gold and gold stocks in today’s environment and why we believe the near-term future looks bright.
Gold is considered a safe haven investment and often attracts investors during periods of economic turmoil. It is often used as a means of preserving wealth during times of financial and political uncertainty. It usually does well when other asset classes struggle. It also acts as an inflation hedge.
Why NUGG
Backed by physical gold bullion bars, NUGG will have the lowest management fee among physically-backed gold ETFs on ASX.
NUGG’s gold is Australian Origin Gold. A list of the allocated gold bars that make up the Fund’s assets will be made available on our website daily.
In addition to liquidity on the ASX, NUGG investors have the option of converting their NUGG holdings into physical gold if they have an account with The Perth Mint.
50+ years of gold investing leadership
VanEck’s global leadership in gold investing extends more than 50 years, encompassing gold stocks and bullion. VanEck launched the US’s first gold equity strategy in 1968 and issued the first gold miners ETF (GDX).
VanEck is allowing investors the ability to access this opportunity via the VanEck Gold Bullion ETF (ASX: NUGG).
NUGG is in the final stages of preparation. You can pre-register your interest for NUGG today by filling in the below:
1Please note: the name of your account with The Perth Mint must exactly match the name linked to your NUGG holding.
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Published: 16 November 2022
Important information:
This information is prepared in good faith by VanEck Investments Limited ACN 146 596 116 AFSL 416755 (‘VanEck’) as responsible entity and issuer of units in VanEck ETF’s traded on the ASX. Units in NUGG are not currently available. NUGG has been registered by ASIC and is subject to ASX and final regulatory approval. The PDS will be available at vaneck.com.au. The Target Market Determination will be available at vaneck.com.au.
You should consider whether or not any VanEck fund is appropriate for you. Investing in ETF’s has risks, including possible loss of capital invested. See the relevant PDS for details. No member of the VanEck group guarantees the repayment of capital, the payment of income, performance, or any particular rate of return from any fund.
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