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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 22 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -1.15 percent over the past year, -0.27 percent over the past three years, and 0.78 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||-0.9%|
|3 Years (Annualized)||-0.3%|
|5 Years (Annualized)||0.8%|
|10 Years (Annualized)||N/A|
The investment seeks to profit from a rise in Asian currencies relative to the U.S. dollar. The fund normally invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in securities or instruments that provide exposure to Asian currencies. It normally expects to achieve this exposure through investments in high quality, short-term debt instruments or money market instruments denominated in Asian currencies or a combination of U.S. dollar denominated securities and forward currency contracts, including non-deliverable forward contracts, that seek to profit from a rise in Asian currencies relative to the U.S. dollar.
Fees are Low compared to funds in the same category.
Merk Asian Currency Fund has an expense ratio of 1.05 percent.
Risk is N/A compared to funds in the same category according to Morningstar.