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In the News: WSJ

The WSJ profiles portfolio manager Axel Merk for his brave euro call in 2013

"...Axel Merk, who runs the $415 million Merk Investments LLC in Palo Alto, Calif., maintained a bullish position throughout the year, according to fund documents, even when the common currency sunk close to $1.27 in April and May[...] Mr. Merk's 2013 prediction proved accurate. Europe's common currency rose more than 4% against the dollar for the year, the biggest gainer among major currencies for the first time since its inception 14 years ago. Mr. Merk's Absolute Return Currency Fund was up 5.8% for the year.

Mr. Merk says the euro is poised to appreciate further as European banks dump risky overseas assets and convert that money into euros at home. 'In the U.S., we have bank failures all the time, but that doesn't mean the dollar's going down the drain,' he says..."

 

Information contained herein may discuss Fund performance and holdings. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For performance current to the most recent month-end, please visit our website at www.merkfunds.com/fund. Through 6/28/19, the Merk Absolute Return Currency Fund Investor Shares (MABFX) had a 1-year return of +4.08%, a 5-year return of +0.56%, and a return of +0.06% since inception on 09/09/2009; the Merk Hard Currency Fund Investor Shares (MERKX) had a 1-year return of -2.53%, a 5-year return of -4.02%, a 10-year-return of -0.57% and a return of +1.16% since inception on 5/10/2005. All performance figures greater than 1-year are annualized unless otherwise specified. The expense ratio for the Funds is 1.30%. In addition, these article excerpts and hyperlinks reference individual securities that may or may not currently be held by the Fund. Click here to view important information about the Funds, including their holdings. The views in these article excerpts and hyperlinks were those of the Fund's manager as of each article's publication date and may be subject to change.

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