Palo Alto, CA (PRWEB) March 10, 2011
Merk Investments LLC, manager of Merk Funds℠, announces that the Merk Asian Currency Fund® (MEAFX), a mutual fund investing in a managed basket of Asian Currencies, has exceeded $100 million in assets under management.
“Asian governments allow their currencies to appreciate to fight inflationary pressures,” according to Axel Merk, Portfolio Manager of the Merk Asian Currency Fund. “After years of straight-jacketing the Renminbi, the Chinese government is now slowly starting to let market forces do their work on the undervalued currency, unleashing dynamics and potential profit opportunities throughout currencies in the region,” Merk continues.
Merk is also the President and Chief Investment Officer of Merk Investments, the largest mutual fund company focusing exclusively on currencies. “Through its monetary policy, the US Federal Reserve is pointing the proverbial gun at the head of the Chinese. We are not expecting the Federal Reserve to tighten any time soon; as a result, an increasing number of investors are diversifying to other currencies to take advantage of opportunities provided by a weakening dollar,” concludes Merk.
The Merk 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® (MABFX). The Merk Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits.
For more information, or to schedule an interview, please contact:
Merk Investments LLC
(650) 323 4341
pr [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 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.