other
confidence high
sentiment neutral
materiality 0.60
Merk to change OUNZ gold pricing index from LBMA PM to Solactive Gold Spot on July 11
VanEck Merk Gold ETF
- Trust will use Solactive Gold Spot Index (SOLAGOLD) instead of LBMA PM Gold Price for NAV.
- SOLAGOLD uses time-weighted average prices around NYSE close, 90% pre-close, 10% post-close.
- Change effective July 11, 2023 or soon after; NAV may differ materially from current method.
- Merk cites better alignment with US trading hours to promote liquidity and price stability.
- Solactive AG developed the new index; Sponsor believes it offers a better gold price benchmark.