The Fund offers investors access to an absolute return strategy – a natural addition to the existing Merk Mutual Funds. In so doing, Merk Investments is continuing its tradition of managing transparent no-load currency mutual funds that typically do not employ leverage.
Palo Alto, CA (PRWEB) September 9, 2009
Merk Investments today announced the launch of the Merk Absolute Return Currency Fund™. The no-load mutual fund seeks to generate positive absolute returns by investing in currencies. A pure play on currencies, the Fund aims to profit regardless of the direction of the U.S. dollar or traditional asset classes.
"The financial crisis has been a stark reminder that true diversification may only be achieved when investors look beyond traditional asset classes. With the Merk Absolute Return Currency Fund™, Merk is offering investors a unique opportunity to add managed currency exposure to their portfolios," said Axel Merk, president and CIO of Merk Investments.
Co-portfolio manager Kieran Osborne added: "The Fund offers investors access to an absolute return strategy – a natural addition to the existing Merk Mutual Funds. In so doing, Merk Investments is continuing its tradition of managing transparent no-load currency mutual funds that typically do not employ leverage."
Currency exposure allocations for the Fund will be determined based on quantitative and qualitative analysis. "At Merk Investments, we believe sustainable wealth is built over the long term, with superior insights, clear focus and commitment. We strive to invest with discipline while adapting to changing environments," explained Mr. Merk.
For more information about the Merk Absolute Return Currency Fund, please visit http://www.merkfund.com.
About Merk Investments and the Merk Mutual Funds
The Merk Absolute Return Currency Fund is managed by Merk Investments, the Authority on Currencies™, a pioneer in the currency asset class. Merk Investments is a Palo Alto, California based SEC registered investment advisory firm.
The Merk Mutual Funds are a suite of transparent no-load currency mutual funds that do not typically employ leverage, consisting of: the Merk Hard Currency Fund (MERKX), the Merk Asian Currency Fund (MEAFX), and the Merk Absolute Return Currency Fund (CUSIP 34984T592). The Merk Mutual Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits.
The Merk Absolute Return Currency Fund is managed by Axel Merk and Kieran Osborne.
Axel Merk is the Founder and President of Merk Investments. Mr. Merk founded Merk Investments in Switzerland in 1994; in 2001 he relocated the business to the U.S.
Kieran Osborne joined Merk Investments in January 2009. Mr. Osborne is considered an expert on macro trends and currencies and has significant international market experience.
For more information on the Merk Mutual Funds or Merk Investments, 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 and 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 Fund's website at http://www.merkfund.com or calling 866-MERK FUND. Please read the prospectus carefully before you invest.
The Fund's principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk and interest rate risk. For a more complete discussion of these risks please refer to the Fund's prospectus. Foreside Fund Services, LLC, distributor.