A gold bullion ETF (NUGG) from VanEck will be tradeable on the ASX from Wednesday morning (7 December).
NUGG will be backed by physical gold bullion sourced from Australian gold producers. There will also be an option to convert holdings into physical gold at the Perth Mint.
In addition to the benefits of liquidity by being traded on the ASX, NUGG gives investors the option of converting their NUGG holdings into physical gold from The Perth Mint.