In the News: Morningstar

Morningstar focuses on the Merk Hard Currency Fund as a way to seek protection against market volatility

Diversifying out of the U.S. dollar is critical for investors who wish to avoid a decline in purchasing power. Not only have recent events called the government's credit-worthiness into question, but most U.S. investors are already overexposed to the greenback through their income stream and portfolio assets, creating a double whammy. An allocation to the Merk Hard Currency Fund, one of oldest and largest offerings (five-plus-year track record and $588 million in assets) in Morningstar's relatively small currency category, may help…[..]

So far Merk's analysis has been spot-on. [..] Its relatively low 1.30% expense ratio is a bonus.