Merk Funds Surpass $750 Million in Assets Under Management
Merk Funds Surpass $ 750 Million in Assets Under Management
PALO ALTO, CA. (PRWEB) August 17, 2011
Merk Investments LLC, manager of Merk Funds℠ announced today that the total assets under management for its three currency mutual funds have surpassed $ 750 million, buoyed by investors seeking to reduce their exposure to the U.S. dollar.
“The recent market turbulence underscores investors’ need to diversify their investments outside of the U.S. dollar,” explains Axel Merk, President and CIO of Merk Investments. “We are seeing more investors embrace the currency asset class as a way to seek diversification and downside protection,” continues Merk.
“Morningstar* recently picked our Merk Hard Currency Fund as one way to seek protection against market volatility and over-exposure to the U.S. dollar,” explains Axel Merk, reasoning that “from an investment standpoint, it is increasingly difficult to diversify one’s portfolio, as uncorrelated asset classes are difficult to find. 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.”
Merk Investments, with over $ 750 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:
Heather Busby
Merk Investments
(650) 323 4341
pr(at)merkinvestments(dot)com
Merk Investments
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.
*Morningstar® Fund Spy by Mallory Horejs published on August 12, 2011
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