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Home > About Us > In the News > Sep 9, 2009

In the News: Reuters interview

New Merk fund offers currencies for all

"... on Wednesday, Merk -- a computer scientist turned asset manager with a growing reputation for bringing currencies to Main Street investors -- will launch his third fund that will be stocked with the world's biggest and most liquid currencies.

The Merk Absolute Return Currency Fund will join the four-year-old Merk Hard Currency Fund and the one-year-old Merk Asian Currency Fund as part of the Merk Mutual Funds' lineup.[..]

'The main goal is to offer true diversification with a mix of currencies that can go long or short,' Merk said, describing the portfolio as something for investors who want to own more than stocks and bonds.

Investors will be able to access the fund through the Internet, brokerages such as Fidelity and Charles Schwab, and through financial advisors.

'This will give him more flexibility to achieve his returns,' said Ben Alpert, an analyst at research firm Morningstar.

So far, Merk has had success in attracting clients. His Hard Currency Fund invests $362 million, more than similar funds offered by rivals like Morgan Stanley, ProFunds and Rydex, Alpert said."