Merk Asian Currency Fund

U.S. News evaluated 21 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 1.27 percent over the past year, -0.65 percent over the past three years, and 0.52 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 0.2%
1 Year 1.3%
3 Years (Annualized) -0.7%
5 Years (Annualized) 0.5%
10 Years (Annualized) N/A

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Summary

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

Fees are Low compared to funds in the same category.
Merk Asian Currency Fund has an expense ratio of 1.30 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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