As investors embrace the currency asset class, The Authority on Currencies™ leads the way in 5-year returns from currency investing.
Merk Investments LLC, manager of Merk Funds℠, announced today that the American Association of Individual Investors (AAII) identified the Merk Hard Currency Fund℠ (MERKX) as the top-performing fund among the seven, no-load or low-load, mutual funds in the International Bond: Currency category. This was based on total returns as published by Morningstar* over the past five years and researched by AAII. The results appear in the March 2011 issue of the AAII Journal.
“Currencies provide international opportunities while mitigating credit and interest risk associated with bonds,” explains Axel Merk, President and CIO of Merk Investments. “Concerns about the U.S. dollar, a bond bubble and inflationary pressures have certainly helped investors embrace currencies,” continues Merk.
According to a Merk Investments survey,** the average investment adviser allocates 4-6% of their clients’ portfolios to currencies. “Thanks to their low correlation with traditional asset classes, currency investments may help ‘crack the code’, by potentially increasing portfolio returns while reducing volatility, i.e. risk. We foresee that more investors will make currencies a permanent part of their asset allocation in 2011,” according to Peter Moeller, Director of Distribution at Merk.
Merk Investments, with $600 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.
Merk Investments, the manager of the Merk Funds, will be sharing its investment outlook during the Merk Funds’ quarterly webinar scheduled for Tuesday, April 19th, 2011 at 4:00 pm ET. Please refer to http://www.merkfunds.com for details and registration.
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.
Information contained herein may discuss Fund performance and holdings. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For performance current to the most recent month-end, please visit our website at http://www.merkfunds.com/fund. Through 12/31/2010, the Merk Hard Currency Fund Investor Shares had a 1-year return of +4.63%, a 3-year return of +4.23%, a 5-year return of +7.81% and an annualized return of +6.43% since inception on 5/10/2005.
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.
*Source: “The Top Mutual Funds Over 5 Years,” March 2011 AAII Journal. Data from Morningstar Inc. is through 12/31/2010.
**Source: Merk Investments January 2011 survey of 30 Registered Investment Advisors and Intermediaries, ranging under $50 million to over $4 billion in assets under management and currently utilizing currencies in their investment portfolios.
Past performance is no guarantee of future results.
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