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Merk Absolute Return Currency Inv

MABFX
8.93
-0.08
-0.89%
4/28/2016
5 Years
  • Previous Close

    9.01

  • Net Assets

    21.32M

  • Yield

    0.00%

  • Front load

    None

  • Expenses

    1.30%

  • Category

    Multicurrency

  • Morningstar Risk

    -

  • Morningstar Rating -
Profile

Name of Issuer

Merk Funds

Fund Style

Open

Fund Manager

Axel Merk

Investment Style

-

The investment seeks to generate positive absolute returns by investing in securities and instruments that create exposure to currencies. Under normal market conditions, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in money market instruments and high quality debt securities denominated in a currency to which the fund seeks exposure or in a combination of U.S. dollar denominated securities and forward currency contracts that expose the fund to such currencies. Over time, the fund seeks to generate more gains from securities than derivatives.

Purchase Information

Initial Purchase 2,500
Initial Purchase: IRA 1,000
Initial Purchase: AIP 2,500

Inception

9/9/2009

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