Palo Alto, CA (PRWEB) January 29, 2009
Bucking the industry trend, Merk Investments, LLC (http://www.merkfund.com), announced today that its mutual fund assets under management grew by 36.77% in 2008. Merk Investments manages two no-load mutual funds, the Merk Hard Currency Fund (MERKX) and the Merk Asian Currency Fund (MEAFX).
"During particularly volatile times, investors are looking for ways to diversify their holdings of stocks, bonds and the US dollar," said Axel Merk, the Portfolio Manager of the Merk Funds and President of Merk Investments. The Funds seek to protect investors against declines in the U.S. dollar by investing in baskets of currencies.
"Investors are concerned about the economy, about the potential for long-term inflation and the purchasing power of the dollar. Through the Merk Funds, investors can seek protection against a falling dollar with the ease of investing in no-load mutual funds. An increasing number of investors no longer consider the U.S. dollar as the safe haven it once was. The Merk Funds invest in hard and Asian currencies - not as a speculative play, but as a way to further diversify investors' holdings," continues Merk.
The Merk Hard Currency Fund grew from $232.8 million to $272.3 million in net assets in 2008. The Fund invests in a basket of hard currencies backed by sound monetary policy as well as indirectly in gold.
The Merk Asian Currency Fund was launched in April 2008 with $1 million in assets and grew to $46.1 million by the end of 2008.
Axel Merk has been a leader in predicting the credit crisis and providing guidance on how policy makers should address the credit crunch while preserving free market principles. Axel Merk will be sharing his investment outlook during Merk's quarterly conference call scheduled for March 19, 2009. William Poole, Merk's Senior Economic Advisor and the former President of the Federal Reserve Bank of St. Louis will be Merk's special guest on the call to share his insights on the economy and his views on the effectiveness of the new administration's policies. Please refer to http://www.merkfund.com for details and registration.
About Merk Investments
Merk Investments LLC is a registered investment adviser and the manager of the Merk Mutual Funds offering alternative investment strategies. Through its funds, Merk Investments seeks to provide retail investors with options to diversify their holdings outside of the U.S. dollar and outside traditional asset classes.
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.