Among others, the fund may include the currencies of China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand, according to a press release.
The fund, described in the announcement as a “pure play on Asian currencies”, provides investors with “â€¦a new fundamental investment option to gain exposure to Asian currencies without the risk of Asian stock markets,” according to the firm. The fund gains exposure to these currencies by investing in high-quality, short-term money market instruments of Asian countries or a combination of U.S. dollar denominated securities and forward currency contracts.
Currency exposure allocations for the fund will be determined based on quantitative and qualitative analysis and they may be adapted as monetary policies and economic environments evolve.
Traditional and Roth IRA accounts; accounts with systematic investment plans; and qualified retirement, pension or profit sharing plans require an initial investment of $1,000.
The Merk Asian Currency Fund is managed by Merk Investments, a Palo Alto, California based SEC-registered investment advisory firm. Axel Merk, president of Merk Investments, is the fund manager for the Merk Funds
For more information about therk Asian Currency Fund, visitwww.merkfund.com.