Top Performing Currency FundsCurrency mutual funds invest in US and foreign currencies. The fund may invest in short term money market instruments; derivative instruments, including and not limited to, forward currency contracts, index swaps and options; and cash deposits.
You can buy these top mutual funds for your brokerage account, retirement account (IRA), and 401k account. The minimum initial funding may be as little as $100 for retirement account. These top currency mutual funds 2015 are sorted based on its 3 years performance up to May 2015. You can find the fund review below as well.
7 Best currency mutual funds 2015 are:
- FX Strategy Fund (FXFIX)
- Columbia Absolute Return Currency and Income Fund (RARAX)
- ProFunds Rising U.S. Dollar Fund (RDPIX)
- Merk Asian Currency Fund (MEAFX)
- Eaton Vance Diversified Currency Income Fund (EAIIX)
- John Hancock Funds Absolute Return Currency Fund (JCUAX)
- Merk Absolute Return Currency Fund (MABFX)
FX Strategy FundFX Strategy Fund invests mainly in investment grade income securities and investing in foreign currency-linked securities, funds, and/or derivatives. The total net assets are $42 million. The fund manager is Heydon D. Traub. It has a high expense fee of 3.14%.
More: Top 5 Best Currency Mutual Funds 2012
In 2014, it has a total return of 30.96%. The fund has returned 51.30% over the past 1 year, and 7.08% over the past 3 year.
Columbia Absolute Return Currency and Income FundColumbia Absolute Return Currency and Income fund has $54 million of assets. Its expense fee is 1.66%. The portfolio turnover rate is 0%. The current share price is $11.44. You can buy this mutual fund with $10,000 of initial funding for your brokerage and/or retirement account.
More: Powershares Currency ETFs
This top performing currency mutual fund has returned 21.83% over the past 1 year, 4.63% over the past 3 year, and 3.10% over the past 5 year. Morningstar has ranked this currency fund with 1 star rating.
Merk Asian Currency FundThis Merk Asian Currency Fund has $24 million of assets. The yield is 0%. This best currency mutual fund has been introduced to investors since April 2008. The fund manager is Axel Merk.
Currency Mutual Funds Performance
|Fund Name||Ticker||3 Year Return %|
|FX Strategy Fund Class A||FXFIX||7.03|
|Columbia Absolute Return Currency and Income Fund Class A Shares||RARAX||4.63|
|ProFunds Rising U.S. Dollar Fund Investor Class||RDPIX||4.34|
|Merk Asian Currency Fund Investor Class||MEAFX||0.28|
|Eaton Vance Diversified Currency Income Fund Class A||EAIIX||0.24|
|John Hancock Funds Absolute Return Currency Fund Class A||JCUAX||-0.11|
|Merk Absolute Return Currency Fund Investor Class||MABFX||-0.45|
|Lord Abbett Emerging Markets Currency Fund Class A||LDMAX||-1.9|
|PIMCO Emerging Markets Currency Fund Class A||PLMAX||-2.22|
|Ashmore Emerging Markets Currency Fund A Class||ECYAX||-2.57|
|JPMorgan International Currency Income Fund Class A Shares||JCIAX||-3.03|