Palo Alto, CA (PRWEB) May 6, 2008
Merk Investments, the mutual fund company managing the Merk Asian Currency Fund (MEAFX) and the Merk Hard Currency Fund (MERKX), announced today that it has hired Joseph Brusuelas as chief economist and global strategist. Mr. Brusuelas will head research and analysis and communicate the Merk Perspective to the markets. Mr. Brusuelas joins Merk Investments from IDEAglobal where he worked as the chief U.S. economist.
"Through his leadership in identifying how economic trends impact investors, Joe's insights will help us identify the main beneficiaries of the macroeconomic trends," says Axel Merk, president and chief investment officer at Merk. "His work enables us to develop new unique products, such as our recently launched Merk Asian Currency Fund."
"I am excited to join the Merk team, whom I consider true innovators as they have transformed currency investing into an asset class for long-term investors. I share Merk's philosophy that sustainable wealth is built over the long term, with superior insights, clear focus and commitment," concludes Mr. Brusuelas.
About Merk Investments
Merk Investments (http://www.merkfund.com) is a registered investment adviser and the manager of the Merk Mutual Funds with over $400 million in assets under management. Through the Merk Hard Currency Fund and the Merk Asian Currency Fund, Merk Investments seeks to provide retail investors with options to diversify their holdings outside of the U.S. dollar through investing in baskets of currencies.
For more information on the Merk Mutual Funds, please visit http://www.merkfund.com.
As with any mutual fund product, there is no guarantee that the Fund will achieve its goals. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at http://www.merkfund.com or calling 866-MERKFUND. Please read the prospectus carefully before you invest.
The Fund's investment value will fluctuate, and shares, when redeemed may be worth more or less than original cost. Principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk, gold related and derivative securities risk, interest rate risk, and non-diversification risk. For a more complete discussion of these risks please refer to the Fund's prospectus. Foreside Fund Services, LLC, distributor.