Forum Funds - Merk Hard Currency Fund (MERKX)
Forum Funds - Merk Hard Currency Fund operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $7.63, up 0.00% on the session, giving a market capitalisation of $21.2M. Its beta of 0.72 implies it has historically moved less than the broad market.
This fund dedicates a minimum of 80% of its net assets, plus any borrowed funds for investment, to holdings denominated in 'hard currencies.' Exposure to these currencies is typically achieved either directly, by purchasing high-grade, short-duration debt instruments (including government bonds) issued in hard currencies, or indirectly, through investments in domestic fixed-income securities paired with forward foreign exchange contracts on hard currencies. Notably, the fund is non-diversified.
Forum Funds - Merk Hard Currency Fund is most often compared with the following Financial Services names: