MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 16, 2013 Investors Dig Currency Funds For Diversification Currency funds have been volatile but that hasn't stopped investors from valuing the funds for diversification with $609 million flowing into them for the first half of the year, WSJ reporter Daisy Maxey writes. Morningstar reports that the average price share for currency funds fell 2.4 percent so far in 2013 and fell 0.8 percent in July through Monday. The performance depends on the strategy involved, however. The Merk Absolute Currency Fund, which can take short and long positions, gained 4.2 percent in the year through July 11, but the Merk Hard Currency Fund, which plays on the weakening dollar, lost 2 percent. To read more, click here. Printed from: MFWire.com/story.asp?s=44938 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |