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Home > About Us > Press Releases > September 8, 2011

Press Release: Merk White Paper Finds Currencies Deliver Enhanced Returns and Risk Protection

— Research by The Authority on Currencies™ urges U.S. investors to protect themselves against overexposure to U.S. Dollar risk —

PALO ALTO, CA. September 8, 2011 – Merk Investments, manager of the Merk Funds, today announced the release of a new White Paper titled, “How Can Investors Protect Against U.S. Dollar Risk?”

The White Paper asserts that, in the current environment, adding portfolio protection against a decline in the U.S. dollar may be of the utmost importance. It cautions that there is a significant risk that the U.S. dollar may continue to weaken, causing a further decline in purchasing power. Furthermore, it points out that protection against inflation and purchasing power deterioration are key investment concerns.

Consequently, the authors beckon that investors may want to consider managing the U.S. dollar risk inherent in their portfolios. The White Paper analyzes several options currently available to investors seeking currency diversification and management, and discusses advantages and disadvantages of each alternative. These alternatives range from listed currency vehicles and international securities, to precious metals, commodities, and currency overlays.

“Based on our research, employing a fully collateralized currency overlay on the S&P 500 Index results in enhanced risk-adjusted returns,” states Kieran Osborne, CFA, Merk’s Director of Research and author of the White Paper. “Forward contracts may allow investors to manage the currency exposure of an asset class or security, while maintaining a fully invested position in that same asset class or security,” concludes Mr. Osborne.

For a copy of “How Can Investors Protect Against U.S. Dollar Risk?” please contact joe.paone [at]

Merk Investments, with over $850 million in assets under management, is the largest mutual fund company focusing exclusively on currencies. The Merk Funds are a suite of transparent no-load currency mutual funds that do not typically employ leverage, consisting of: the Merk Hard Currency Fund℠ (MERKX), the Merk Asian Currency Fund® (MEAFX), and the Merk Absolute Return Currency Fund® (MABFX). The Merk Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits.

For more information about the Merk Funds and the currency asset class, including how to obtain a prospectus and to invest, please visit

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

Heather Busby
Merk Investments
(650) 323 4341
pr [at]

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

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 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.