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Home > About Us > Press Releases > Jan 13, 2011

Press Release: Merk Increases Currency Market Share Lead, Asian Fund Grows 25%

— the Authority on Currencies™ grows its leading market share thanks to growth of Merk Asian Currency Fund —

PALO ALTO, CA. – January 13, 2011 – Merk Investments LLC, manager of the Merk Funds, announces its share of the currency mutual fund assets grew from 37% to 43% within the 12 months through December 2010, based on Bloomberg and Morningstar information on funds that have full year data available. The currency mutual fund market itself shrank by 20% amidst a turbulent year for currencies.

“Diversification to uncorrelated asset classes, including currencies, appears to be increasingly influencing investment advisers’ asset allocation decisions,” explains Axel Merk, president and CIO of Merk Investments.

Aside from the dynamics driving the major currencies, Asian market growth and development is also shaping the currency asset class. The Merk Asian Currency Fund, a managed basket of Asian currencies, showed year-on-year asset growth of 25%, the largest gain of any currency mutual fund, reflecting increasing investor interest in Asian currencies. The Merk Hard Currency Fund, launched in 2005, expanded its position as one of the leaders of the asset class; the Merk Absolute Return Currency Fund celebrated its first year anniversary as one of the few ways investors may seek positive absolute returns investing in currencies regardless of market conditions.

Merk’s January 2011 survey of the registered investment advisor (RIA) space concluded that those investing in currencies generally tend to allocate 4-6% of their portfolios to the currency asset class. One third of the respondents considered the currency allocation to be part of their short-term international bond allocation, while just under half considered it part of their alternative assets allocation.

Merk Investments is the largest mutual fund company focusing exclusively on currencies. This focus has allowed Merk not only to expand its market leader position, but also further establish its reputation as the Authority on Currencies?; Merk is a pioneer in providing managed currency investment strategies to investors. “Currency investing is not new, but until recently it was only available to most sophisticated institutional investors. Our goal is to combine the diversification benefits of the currency asset class and our expertise in managing currencies, making them accessible to all investors via transparent mutual funds that do not typically employ leverage,” states Axel Merk.

For more information, or to schedule an interview, please contact:


Sabrina Suzuki
Merk Investments
(650) 323 4341
Sabrina (at) merkinvestments.com

Merk Investments

Merk Investments LLC, is a Palo Alto, California, based SEC registered investment advisory firm managing currency mutual funds. For more information on Merk Investments or the Merk Funds, please visit www.merkfunds.com.

This information does not constitute a solicitation or an offer to buy or sell any investment security, nor provide investment advice. Merk Investments LLC.

Transaction fees and other restrictions may apply to invest through a broker. As with any mutual fund product, there is no guarantee that the funds will achieve their goals. Investors should consider the investment objectives, risks and charges and expenses of the Funds carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds’ website at www.merkfunds.com or calling 866-MERK FUND. Please read the prospectus carefully before you invest.

The Funds’ principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk and interest rate risk. For a more complete discussion of these risks please refer to the Funds’ prospectus. Foreside Fund Services, LLC, distributor.