Palo Alto, CA (PRWEB) April 19, 2011
Merk Investments LLC, manager of Merk Funds℠ announced today that its flagship fund, the Merk Hard Currency Fund℠ (MERKX), has surpassed $500 million in assets under management. The Fund, which was launched in May 2005, is a no-load, open-end currency mutual fund that seeks to protect against the decline of the U.S. dollar relative to other currencies.
“Concerns about the U.S. dollar, inflationary pressures and mounting U.S. debt have helped to highlight the need for investors to diversify outside of the greenback,” explains Axel Merk, President and CIO of Merk Investments. “Beyond the woes of the U.S. dollar, currencies in general have historically exhibited low correlations with traditional asset classes, and as such, may provide diversification benefits and an attractive risk/return profile for investors’ portfolios,” continues Merk.
“At Merk, we’ve endeavored to provide investors with access to the benefits of the currency asset class for years. The Merk Hard Currency Fund is one of very few funds in the space that has a track record spanning more than five years. We also offer the Merk Absolute Return Currency Fund® (MABFX), launched in 2009, which follows a strategy that seeks to profit from currency trends regardless of the direction of the U.S. dollar,” explains Kieran Osborne, co-portfolio manager of the Fund.
Merk Investments, with $650 million in assets under management, is the largest mutual fund company focusing exclusively on currencies. 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 about the Merk Funds and the currency asset class, including how to obtain a prospectus and to invest, please visit http://www.merkfunds.com.
For more information, or to schedule an interview, please contact:
(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.