In the News: Barrons

Portfolio manager Axel Merk tells Barron's stronger countries' currencies should outperform the weaker ones

"...Axel Merk, who runs four currency funds including the Merk Hard Currency Fund (MERKX), tells Barrons.com he expects stronger countries’ currencies to outperform the weaker ones –a group that he says includes Vietnam and Indonesia. He recommends staying away from the Brazilian real because 'odds of continued interference and manipulation are highest' and also says smaller emerging market countries may engage in erratic action than larger ones. His favorite spot in the current climate: 'Mid-tier currencies,' such as the Malaysian Ringgitt and Korean Won…"