In the News: Reuters

Reuters highlights that Merk Hard Currency Fund weathers Swiss intervention

"...

Merk did lose after the SNB (Swiss National Bank) move since he had a 1.5 percent exposure on the Swiss franc in his portfolio, but he said he managed to offset those losses by buying the Norwegian crown. In fact, Merk said he bought more crowns last Friday.

The Norwegian crown gained 1.2 percent against the euro on Tuesday…"