Merk Launches Absolute Return Currency Fund
By Merk Fund on September 9, 2009 | More Posts By Merk Fund | Author's Website
PALO ALTO, Calif. - September 9, 2009 - Merk Investments today announced the launch of the Merk Absolute Return Currency FundTM. The no-load mutual fund seeks to generate positive absolute returns by investing in currencies. A pure play on currencies, the Fund aims to profit regardless of the direction of the U.S. dollar or traditional asset classes.
“The financial crisis has been a stark reminder that true diversification may only be achieved when investors look beyond traditional asset classes. With the Merk Absolute Return Currency FundTM, Merk is offering investors a unique opportunity to add managed currency exposure to their portfolios” said Axel Merk, president and CIO of Merk Investments.
Co-portfolio manager Kieran Osborne added: “The Fund offers investors access to an absolute return strategy - a natural addition to the existing Merk Mutual Funds. In so doing, Merk Investments is continuing its tradition of managing transparent no-load currency mutual funds that typically do not employ leverage.”
Currency exposure allocations for the Fund will be determined based on quantitative and qualitative analysis. “At Merk Investments, we believe sustainable wealth is built over the long term, with superior insights, clear focus and commitment. We strive to invest with discipline while adapting to changing environments,” explained Mr. Merk.
For more information about the Merk Absolute Return Currency Fund, please visit www.merkfund.com.
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