Sarasota, FL (PRWEB) May 14, 2010
Sarasota Capital Strategies, Inc. is celebrating the first anniversary of its first alternative strategy mutual fund, The Currency Strategies Fund (symbol FOREX) with over $25 million in assets. The Fund, which began trading on May 8, 2009, is an open-ended mutual fund that seeks to provide investment advisors and their client’s exposure to the world’s largest asset class, currencies.
“We are pleased to be able to offer forward-thinking advisors a strategy that allows them to add currencies to their asset allocation models”, said co-Portfolio Manager, Anthony Welch. “The recent turmoil in the stock market enhances the idea of using alternative, non-correlated asset classes as part of a well-rounded portfolio”, Welch said.
Co-Portfolio Manager, Ian Naismith adds, “we believe our proprietary technical and diversified model used to manage The Currency Strategies Fund has calmly navigated through very choppy markets prior to and after its launch date and has delivered a consistent, low volatile choice for advisors.”
For more information about The Currency Strategies Fund, including how to obtain a prospectus and to invest, please visit http://www.thecurrencyfund.net .
About The Currency Strategies Fund
The fund tactically invests in exchange traded products and mutual funds that track various global currencies. At any time, allocations within the fund are based on a consistent and repeatable investment process that is purely technical and highly disciplined. The fund utilizes proprietary measures to identify potentially higher performing currencies over various time periods.
To mitigate risk in unusually volatile markets, the fund can invest up to 100% into short-term U.S. Government obligations and U.S. Government money markets. The fund can also invest up to 10% in exchange traded products that are tied to the price of gold bullion. Unlike many other currency products available, the managers include the U.S. Dollar in the investment universe, allowing the fund to profit during times where the U.S. Dollar is appreciating. The Fund strictly limits exposure to any one currency.
The Currency Strategies Fund is managed by Sarasota Capital Strategies, Inc, a money management firm based in Sarasota, Florida. Portfolio Managers, Ian Naismith and Anthony Welch, each have over 18 years experience in the financial industry. They are frequently featured in national media relating to the financial industry in general and exchange traded funds specifically.
The Currency Strategies Fund is available on most major mutual fund platforms and from many investment advisors around the United States.
PRESS RELEASE FOR MORE INFORMATION CONTACT:
FOR IMMEDIATE RELEASE (941) 918-2255
Before investing, please read the Fund’s prospectus and shareholder reports to learn about its investment strategy and potential risks. Mutual Funds involve risk including possible loss of principal. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. Currency trading involves significant risks, including market risk, interest rate risk and country risk; because of shorting and leveraging techniques, this fund may experience increased risk and volatility; investing through the Fund in Underlying Funds involves certain additional expenses and certain tax results that would not arise if you invested directly in the Underlying Funds; and investing in foreign securities presents risk not associated with domestic investments, such as currency fluctuations, political and economic changes and market risks.
An investor should consider the Fund’s investment objective, risks, charges, and expenses carefully before investing. This and other information about The Currency Strategies Fund is contained in the fund’s prospectus, which can be obtained by calling 1.888.898.4784. Please read the prospectus carefully before investing. The Currency Strategies Fund is distributed by Northern Lights Distributors, LLC, Member FINRA. 0669-NLD-5/11/2010
# # #