In the News: Bloomberg

Bloomberg profiles the launch of the Merk Currency Enhanced U.S. Equity Fund

“…The Merk Currency Enhanced U.S. Equity Fund will use exchange-traded funds, such as the SPDR S&P 500 ETF Trust, to track the Standard & Poor’s 500 Index. Through a so-called currency overlay, the fund will enter long or short foreign- exchange positions to increase profits and protect against market risk, according to Axel Merk, president and chief investment officer of the Palo Alto, California-based firm.

'The reason we put this together is because investors have been coming to us, both large and small, that there is a need for them to manage their currency risk more actively,' Merk said in a telephone interview…"