Palo Alto, CA (PRWEB) September 12, 2011
Merk Investments, manager of the Merk Funds, today announced the launch of the Merk Currency Enhanced U.S. Equity Fund (MUSFX). The no-load mutual fund seeks to outperform the S&P 500 Index by managing the U.S. Dollar and other currency exposures inherent in U.S. equity investments.
The fund employs a Currency Overlay on top of the S&P Index, seeking to improve risk adjusted equity returns.
“Investors have huge exposure to the U.S. dollar and are therefore susceptible to the U.S. dollar risk,” explains Axel Merk, president and CIO of Merk Investments. “We are applying our currency expertise in an innovative way, providing investors with the opportunity to manage the currency risk of their U.S. equity investments, regardless of the direction of the U.S. dollar,” continues Merk.
Peter Moeller, Merk’s Director of Distribution adds: “Managed currency exposure may be useful in enhancing equity returns while guarding against erosion of purchasing power.”
Currency exposure allocations for the Fund will be determined based on quantitative and qualitative analysis. Through the use of currency forward contracts, the Fund applies the Currency Overlay while concurrently providing investment exposure to the S&P 500.
For more information about the Merk Currency Enhanced U.S. Equity Fund, and to sign up for an introductory webinar on September 22nd at 4:00pm ET/1:00pm PT, please visit http://www.merkfunds.com.
Merk Investments, with over $850 million in assets under management, is the largest mutual fund company that focuses predominantly 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), 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 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 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.