VanEck Merk Gold Trust (OUNZ) to switch gold pricing index on August 7, 2023
Merk Investments, sponsor of the VanEck Merk Gold Trust, said the Trust will change the benchmark used to value its gold from the LBMA PM Gold Price to the Solactive Gold Spot Index effective August 7, 2023. The change was first announced in May 2023 and the date has now been finalized, with the trustee, The Bank of New York Mellon, instructed to use the new index to calculate the Trust's net asset value from that date.
- Benchmark changes from the LBMA PM Gold Price to the Solactive Gold Spot Index (SOLAGOLD)
- Index Change Date is August 7, 2023
- Change was first announced in May 2023; the date was finalized in this August 2, 2023 release
- The Bank of New York Mellon, the trustee, will use SOLAGOLD to determine net asset value from the Index Change Date