Merk Funds’ flagship fund, the Merk Hard Currency Fund, has exceeded $500 million in assets under management. The fund seeks to protect against the decline of the U.S. dollar relative to other currencies. The open-ended currency mutual fund was launched in May 2005. Merk Funds, managed by Merk Investments, also offers the Merk Absolute Return Currency Fund, which was launched in 2009.
Click here for the release from Merk Funds.