Currency fund newcomer the Merk Hard Currency Fund has landed distribution through Schwab's OneSource.
, president and portfolio manager at Merk Investments, said that the new fund firm is working to target the large no-load platforms, such as Schwab, Fidelity and TD Waterhouse, "for now."
We are also "selectively reaching out" to participants in large 401(k) plans. "We've seen that if the request comes from the investor side, that seems to be quite effective," said Merk.
Ben Dicarcina, who heads distribution for Palo Alto-based Merk Investments, said that he is targeting all financial intermediaries, including third-party administrators and advisors. "We've been getting inquiries from broker dealers," said Dicarcina.
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