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Home > About Us > In the News > September 9, 2011

In the News: Businessweek, WSJ, Reuters
Businessweek, WSJ, Reuters and others report on Merk Investments' scaling back of euros

"Typical coverage included

... One of the euro's early supporters among fund managers have started to scale back their holdings of the currency such as Palo Alto, California-based Merk Investments, with more than $850 million in assets.

Merk said it sold over $90 million worth of euros late on Thursday to reallocate to the Australian dollar. The firm though remained positive on the euro in the long term and believed that euro zone concerns should primarily be played out in the pricing of the bond market not the currency…"

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