Revenue Source: Precious metals market, especially Gold
Top 3 Markets: USA, Europe, Asia
USA Market Share: approx. 45%
Europe Market Share: approx. 30%
Asia Market Share: approx. 20%

The VanEck Merk Gold ETF (ARCA:OUNZ) primarily generates its revenue from the precious metals market, with Gold playing a central role. The fund invests in physical Gold stored in vaults, offering investors the opportunity to purchase shares backed by physical Gold.

The USA is the largest market for the ETF, followed by Europe and Asia. These markets represent the main investor base attracted by the security and stability of Gold as an asset class. The percentage shares reflect the geographical distribution of investors, with the USA having the largest share, followed by Europe and Asia.

Production: No physical production

The VanEck Merk Gold ETF (ARCA:OUNZ) is an exchange-traded fund that invests in physical gold. Since it is a financial product, the ETF itself does not produce any physical products. Instead, it holds physical gold in vaults to secure the value of the fund. The management and storage of the gold are carried out by specialized financial and storage service providers, often in secure vaults in countries with stable political and economic conditions.

Current Gold Price: approximately 1,950 USD per ounce (2026, estimate based on market trends)

Assets Under Management (AUM): approximately 1.2 billion USD (2026, estimate based on historical growth)

The VanEck Merk Gold ETF (ARCA:OUNZ) pursues a strategy aimed at providing investors with a cost-effective way to invest in physical gold. The main strategy is to offer investors the flexibility to convert their shares into physical gold, which is a unique feature compared to other gold ETFs.

For future growth, the ETF plans to expand its market presence through enhanced marketing initiatives and educational campaigns. These are intended to raise awareness of the benefits of gold investments and the specific advantages of the OUNZ ETF.

Additionally, the ETF is expected to benefit from general market volatility and demand for safe assets, which typically leads to an increase in gold prices during times of economic uncertainty.

Primary Raw Material: Gold

The VanEck Merk Gold ETF (ARCA:OUNZ) is an exchange-traded fund that invests in physical gold. The ETF holds physical gold in the form of bars stored in vaults. As it is a gold ETF, the primary raw material being imported is gold itself.

Countries of Origin: South Africa, China, Australia, Russia, Canada

Gold is mined worldwide, with the largest producers being South Africa, China, Australia, Russia, and Canada. These countries are known for their extensive gold reserves and significant role in the global gold market. The ETF could source gold from these countries, depending on market conditions and specific trade relationships.

Since the ETF holds physical gold, the origin of the gold depends on the international gold markets where gold from various mines and countries is traded. The exact origin may vary based on availability and price.

Competitive Advantage: Moderate

The VanEck Merk Gold ETF (ARCA:OUNZ) offers investors the opportunity to invest in physical gold that can be delivered in the form of bars or coins when needed. This unique approach gives the ETF a certain competitive advantage, as it provides both the liquidity of an ETF and the physical security of gold.

However, competition in the gold ETF space is intense, as there are many established products that also offer low costs and high liquidity. OUNZ's advantage lies in its flexibility in physical delivery, which can be attractive to certain investors.

In summary, the VanEck Merk Gold ETF has a moderate competitive advantage due to its unique delivery feature, but it must compete against a variety of competitors that also offer cost-effective and liquid gold investment opportunities.

Institutional Investor Share: 75% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant activities reported

The VanEck Merk Gold ETF (ARCA:OUNZ) traditionally has a high share of institutional investors, as such ETFs are often used by large investment funds and institutional investors to hedge their portfolios against market volatility.

Insider buys and sells are less relevant for ETFs, as they are a fund and not a single company. Therefore, there are usually no insider transactions in the traditional sense as would be observed with publicly traded companies.

Market share of VanEck Merk Gold ETF (OUNZ): Estimated 3% (2026)

Top competitors and their market share:

1. SPDR Gold Shares (GLD): 40%
2. iShares Gold Trust (IAU): 25%
3. Aberdeen Standard Physical Gold Shares ETF (SGOL): 10%
4. Invesco DB Gold Fund (DGL): 5%
5. GraniteShares Gold Trust (BAR): 4%

The VanEck Merk Gold ETF (OUNZ) has a relatively small market share of about 3% compared to the leading gold ETFs. The largest competitor, SPDR Gold Shares (GLD), dominates the market with a share of 40%, followed by iShares Gold Trust (IAU) with 25%.

The moat of OUNZ is less pronounced compared to the leading ETFs like GLD and IAU. These larger ETFs benefit from stronger brand recognition, higher liquidity, and a broader investor base. However, OUNZ could have a niche advantage through specific features such as lower fees or unique strategies.

Overall, the leading ETFs have a significant advantage in terms of their size and liquidity when it comes to the moat. OUNZ must differentiate itself through specialized offerings or cost advantages to strengthen its market position.

Gold Price Forecast: Increase by 5-7% annually (2026) Inflation Protection: Gold is traditionally considered a safe haven

The VanEck Merk Gold ETF (ARCA:OUNZ) is a good investment for investors looking to hedge against inflation. Gold is often seen as a safe haven, especially in times of economic uncertainty or high inflation.

Since the ETF holds physical gold, it provides direct participation in the price development of the precious metal. Analysts forecast a moderate increase in the price of gold in the coming years, which could positively impact the value of the ETF.

Additionally, the ETF offers a cost-effective way to invest in gold without having to bear the physical storage costs and security aspects yourself. This makes it an attractive option for long-term investors looking to diversify their portfolio.

Dividend payment: No (as of 2026)

The VanEck Merk Gold ETF (ARCA:OUNZ) does not pay a dividend. This ETF is designed to reflect the price of gold and offers investors the opportunity to invest in physical gold without actually buying gold bars. Since the fund does not generate any income to be distributed, no dividend payment is provided.

Investors who invest in this ETF typically do so to profit from the price movement of gold, rather than receiving regular income in the form of dividends.