Axel Merk sets up an Absolute Return currency fund.Byline: news@cpifinancial.net (Staff Writer) Merk Investments has set up the Merk Absolute Return Currency Fund. The company, led by Axel Axel: see Absalon. Merk, who identified the building of the credit bubble in 2003 and in 2005, positioned his clients to move out of real estate and the faltering dollar by investing in hard currencies and gold, says the "no-load" mutual fund seeks to generate positive absolute returns by investing in currencies. A pure play on currencies, the fund aims to profit regardless of the direction of the dollar or traditional asset classes. "The financial crisis has been a stark reminder that true diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. may only be achieved when investors look beyond traditional asset classes. Merk is offering investors an opportunity to add managed currency exposure to their portfolios" said Axel Merk, the President and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of Merk Investments. Co-portfolio manager Kieran Osborne added, "In so doing, Merk Investments is continuing its tradition of managing transparent no-load currency mutual funds that typically do not employ leverage." Merk said that currency exposure allocations for the fund will be determined based on quantitative and qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. . 2009 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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