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Home > About Us > In the News > August 26, 2009 Print Friendly

In the News: Bloomberg

In a Bloomberg interview, portfolio manager Axel Merk cautions the Fed may be jeopardizing its independence.

 

" 'What they [the Fed] are doing is not monetary policy,' said Axel Merk, who has moved the ... Merk Hard Currency Fund away from dollar assets... 'His credit programs are fiscal policies. They are inviting political scrutiny and jeopardizing independence. It is a very dangerous road to be on.' "


 

 

 

 

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by clicking here. Please read the prospectus carefully. Foreside Fund Service, LLC, distributor.