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In the News: WSJ
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Portfolio manager Axel Merk tells WSJ there are still plenty of questions surrounding the euro

"...Currency specialist Merk Investments, which manages $600 million, began paring its holdings of the euro in November, and no longer holds the currency in its flagship Merk Hard Currency Fund. In its place, the fund is holding currencies from countries that export commodities, such as the Canadian, New Zealand and Singapore dollars, said Axel Merk, its chief investment officer.

Following the EU summit, 'there are still plenty of questions and opportunities to disappoint,' Mr. Merk said…"


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