In the News: Dow Jones

Dow Jones profiles portfolio manager Axel Merk

In an exclusive interview, portfolio manager Axel Merk discusses currency investing:

"...

Merk takes a more deliberate approach in the three currency funds he manages, basing his bets on the long-term macroeconomic picture rather than short-term trends. He also completely eschews the common practice among currency speculators of using enormous amounts of leverage--often as much as 100:1--to increase the value of small daily currency fluctuations.

...

Merk compared his brand of currency trading to the long-haul mentality required for one of his hobbies, running marathons.

'You need discipline and focus,' he said, 'and you don't want to panic.'"