VanEck cuts fees on gold ETF

VanEck announced it is reducing the management fee for its Gold Bullion ETF (ASX: NUGG) to 0.14% per annum, effective 1 September 2026.

VanEck chief executive and managing director, Asia Pacific, Arian Neiron said NUGG will be the most-effective way for investors to access the price of gold on the ASX.

"Gold has already jumped over 10% in August and we believe there are several long-term structural tailwinds that could sustain the rally," Neiron said.

"Central banks continue to diversify their reserves, inflation remains a risk and recent US treasury bond buyback signals concerns around rising government debt and the interest burden."

VanEck said NUGG differs from other gold bullion ETFs as it is physically backed by Australian-sourced gold and investors have the option to convert their ETF holdings into physical gold at The Perth Mint.

"Gold has historically served as a safe haven asset in times of global uncertainty. Global inflation remains sticky and the US dollar could potentially weaken further given the US Treasury's announcement to buy back bonds, all of which supports a strong gold price," Neiron said.

"This is no longer just a central bank story. Gold is gaining interest from commercial banks, advisers, family offices and retail investors that are increasingly participating in its trade. Chinese gold imports have also surged 172% year-on-year to 173 tonnes in June 2026, their highest level since March 2024."

In July, VanEck brought three new ETFs to Australian investors giving access to thematic investments across several emerging technology sectors, including what it said was "Australia's first dedicated quantum computing ETF."

These were the VanEck Quantum ETF (ASX: QNTM); VanEck Global Semiconductor ETF (ASX: SMHG); and VanEck Rare Earth and Strategic Metals ex China ETF (ASX: RESM). All three ETFs track indices from MarketVector.