The Merk Hard Currency Fund (MERKX) stands out for one simple reason: It’s turned a profit over the past 3 years. That’s no mean feat for the past 36 months, a period when most mutual funds suffered declines.
In today’s Inside View podcast, Axel Merk—the fund’s portfolio manager and president of Merk Investments LLC—explains why his strategy has bucked the generally bearish trend. As a preview, Merk Hard Currency has a strategic preference for cash—non-U.S. cash and related investments, to be precise. That includes gold, foreign currencies and short-term debt instruments denominated in something other than greenbacks. “What we’re offering is diversification in the current environment,” he explains.
To hear more of Axel Merk’s analysis, including his view on what’s next for the U.S. economy and the dollar, tune in to the latest edition of The Inside View…
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