Palo Alto, CA (PRWEB) April 6, 2010
Merk Investments LLC, manager of Merk Mutual Funds, announces the launch of a new institutional share class for its three currency mutual funds as of April 1, 2010: the Merk Hard Currency Fund (MHCIX), the Merk Asian Currency Fund (MASIX), and the Merk Absolute Return Currency Fund (MAAIX).
“Investment advisers have been calling on us to offer an institutional version of the Merk Mutual Funds. Through the Funds, we offer true diversification into currency as an asset class with the ease of investing in a mutual fund. We have expanded our leadership as we have become the largest mutual fund company focusing exclusively on currencies.” said Axel Merk, president and CIO of Merk Investments.
Merk’s Institutional Class shares eliminate the 12b-1 fee that is part of the Investor Class shares. A minimum investment of $250,000 is required that may be aggregated across advisory client accounts. Initially, the Institutional Class shares are available through Schwab, Fidelity, TD Ameritrade, as well as directly from Merk.
In 2005, Merk launched its first currency fund, the Merk Hard Currency Fund (MERKX), with only $1million in assets. Merk, the Authority on Currencies™, has recorded substantial asset growth each year, including over 35% growth in assets under management during the crisis year of 2008. Merk now manages over $550 million in three currency mutual funds.
“The currency asset class boasts low correlations to other asset classes and potential profit opportunities resulting from market inefficiencies and macroeconomic trends,” Merk continues. “Additionally, the currency asset class exhibits low levels of volatility and high liquidity relative to other assets, such as equities and fixed income. Through the Funds, we are offering advisers unique opportunities to add managed currency exposure to their clients’ portfolios,” concludes Mr. Merk.
For more information please visit http://www.merkfunds.com
To express interest to make Institutional Class shares available on other platforms, or to schedule an interview, please contact:
(650) 323 4341 ext. 102
Kristen [at] merkinvestments.com
Merk Investments LLC, is a Palo Alto, California, based SEC registered investment advisory firm managing currency mutual funds. For more information on Merk Investments or the Merk Mutual Funds, please visit http://www.merkfunds.com.
This information does not constitute a solicitation or an offer to buy or sell any investment security, nor provide investment advice. Merk Investments LLC.
Transaction fees and other restrictions may apply to invest through a broker. As with any mutual fund product, there is no guarantee that the funds will achieve their goals. Investors should consider the investment objectives, risks and charges and expenses of the Funds 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.merkfunds.com or calling 866-MERK FUND. Please read the prospectus carefully before you invest.
The Funds’ 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 Funds’ prospectus. Foreside Fund Services, LLC, distributor.