Palo Alto, CA (PRWEB) December 07, 2011
Merk Investments, manager of the Merk Funds, today announced that it now considers the Singapore Dollar a hard currency. While Merk has invested in the Singapore Dollar for years though the Merk Asian Currency Fund® (MEAFX), Merk may now invest in the Singapore Dollar more broadly, specifically also in the Merk Hard Currency Fund® (MERKX).
"Singapore is the new Switzerland. In an era when other central banks resort to the printing press in an ill-guided effort to remain competitive, the Monetary Authority of Singapore (MAS) has shown prudence and restraint," says Axel Merk, President and Chief Investment Officer at Merk. Singapore has a unique approach to conducting monetary policy: rather than targeting interest rates or money supply, the MAS conducts it monetary policy through a managed float regime for the Singapore dollar against a basket of currencies. “We now believe that the MAS policy is not only appropriate for Singapore's trade based economy, but also consistent with our view of the pursuit of sound monetary policy in an increasingly unstable world," concludes Merk.
Merk Investments, with over $750 million in assets under management, is a Palo Alto, California based SEC registered investment advisory firm and the manager of the Merk Funds. Merk is the largest mutual fund company that focuses predominantly on currencies. The Merk Funds are a suite of transparent no-load currency mutual funds, consisting of: the Merk Hard Currency Fund® (MERKX), the Merk Asian Currency Fund® (MEAFX), the Merk Absolute Return Currency Fund® (MABFX) and the Merk Currency Enhanced U.S. Equity Fund? (MUSFX). The Merk Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits.
For important information about the Merk Funds, including their holdings, how to obtain a prospectus and to invest, please visit http://www.merkfunds.com.
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 Merk Currency Enhanced U.S. Equity Fund may invest in exchange traded funds (“ETFs”). Like stocks, ETFs are subject to fluctuations in market value, may trade at prices above or below net asset value and are subject to direct, as well as indirect fees and expenses. The Fund also invests in foreign currencies, as such, changes in currency exchange rates will affect the value of what the Fund owns and the price of the Fund’s shares. Investing in foreign instruments bears a greater risk than investing in domestic instruments for reasons such as volatility of currency exchange rates and, in some cases, limited geographic focus and political and economic instability. The Fund may invest in derivative securities which can be volatile and involve various types and degrees of risk. For a more complete discussion of these and other Fund risks, please refer to the Fund’s prospectus. Foreside Fund Services, LLC, distributor.