Showing posts with label alternative fund. Show all posts
Showing posts with label alternative fund. Show all posts

7 Best Multicurrency Mutual Funds 2015

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Find best multicurrency mutual funds 2015. Top currency funds are FX Strategy Fund, Columbia Absolute Return Currency and Income Fund, etc. Will these funds be the right choice in 2016 for your investment account?

Top Performing Currency Funds

Top 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:
  1. FX Strategy Fund (FXFIX)
  2. Columbia Absolute Return Currency and Income Fund (RARAX)
  3. ProFunds Rising U.S. Dollar Fund (RDPIX)
  4. Merk Asian Currency Fund (MEAFX)
  5. Eaton Vance Diversified Currency Income Fund (EAIIX)
  6. John Hancock Funds Absolute Return Currency Fund (JCUAX)

PIMCO All Asset All Authority Fund (PAUAX)

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PIMCO All Asset All Authority Fund (PAUAX) is a popular fund of funds. This mutual fund utilizes its assets to purchase Institutional Class or Class M shares of any funds of the Trust or PIMCO Equity Series or PIMCO ETF Trust. This mutual fund also has a high yield.

PAUAX Fund Profile

    PIMCO All Asset All Authority Fund (PAUAX)
  • Fund Inception Date: 07/29/2005
  • Ticker Symbol: PAUAX
  • CUSIP: 72200Q232
  • Beta (3yr): 0.93
  • Rank in category (YTD): 82%
  • Category: Tactical Allocation
  • Distribution Yield: 5.05%
  • Capital Gains: -
  • Expense Ratio: 1.68%
  • Net Assets: $ 24.7 billion
  • Number of Years Up: 6 years
  • Number of Years Down: 2 years
  • Annual Turnover Rate: 65%

PIMCO All Asset All Authority Fund Info

The current fund manager is Robert D. Arnott since 2003. This popular tactical allocation fund has large total net assets of $24.7 billion. It also has annual expense ratio of 1.68. It has a high dividend yield of 5.05%.

Best Performing Multicurrency ETFs 2014

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Best performing multicurrency ETFs 2014 are PowerShares DB US Dollar Index Bearish, PIMCO Foreign Currency Strategy ETF, PowerShares DB G10 Currency Harvest, etc.


ETFs or Exchange Traded Funds has become popular investment vehicle for investors. You can buy and sell ETFs through your brokerage. You can invest this investment fund in your retirement account and possibly your 401k.

Multicurrency Funds

Best Performing Multicurrency ETFs 2014One of the popular ETF categories is currency ETF. These Currency ETFs track a single foreign currency or basket of currencies by using foreign cash deposits or futures contracts. For the ETFs that use futures, excess cash is usually invested in high quality bonds, typically US Treasury bonds. The management fee is deducted from the interest earned on the bonds.

Multicurrency ETFs can provide attractive choice for investors. These ETFs or ETNs invest in multiple currencies depending upon its objective. Some funds may invest in emerging markets currencies, world currencies, etc.

These top performer ETFs are sorted based on its 1 year return (up to July 2014). You can find the fund review from this article. Other fund information can be found below such as expense ratio, Morningstar rating, fund’s NAV, managers, fund’s holdings, yield, etc.

Best performing multicurrency ETFs 2014 are:
  1. PowerShares DB US Dollar Index Bearish (UDN)
  2. PIMCO Foreign Currency Strategy ETF (FORX)
  3. PowerShares DB G10 Currency Harvest (DBV)
  4. WisdomTree Emerging Currency Strategy (CEW)
  5. iPath GEMS Asia 8 ETN (AYT)
  6. iPath Optimized Currency Carry ETN (ICI)

Powershares Currency ETFs: US Dollar Fund Ad by Invesco

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Find Powershares currency ETFs ad. This Invesco advertisement has 3 currency exchange traded fund: US Dollar Bullish Fund, US Dollar Bearish Fund, and G10 Currency Harvest Fund.

Investment Ad

Powershares Currency ETF Ad by InvescoCurrency investing is not only done through Forex (foreign exchange) or brokerage nowadays. You can choose investment funds such as exchange traded funds, mutual funds, or closed end funds. These investment funds may invest in single currency or multiple currencies for return.

Recently, Invesco PowerShares provide a big advertisement about some of their currency ETF funds. There are 3 funds such as PowerShares DB US Dollar Index Bullish, PowerShares DB US Dollar Index Bearish, and Powershares DB G10 Currency Harvest Fund. You can buy these currency funds through your brokerage for long term investment or short term trading.

Find this investment ad below:
Power Shares 
Deutsche Asset & Wealth Management 
PowerShares DB – Currency ETFs 
  • UUP  US Dollar Bullish Fund
  • UDN – US Dollar Bearish Fund
  • DBV – G10 Currency Harvest Fund

Best Performing Currency Mutual Funds April 2013

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The best performing currency mutual funds April 2013 are Eaton Vance Diversified Currency Income fund, Lord Abbett Emerging Markets Currency, more. It provides alternative opportunity for hedging.
Best Performing Currency Mutual Funds 2013
Top Currency Funds

Currency Funds

Currency mutual funds invest in U.S. and non-U.S. currencies around the world. The portfolios use short term money market, derivative, forward currency contracts, index swaps / options, and cash deposits. The mutual fund invest mostly in major currency such as US dollar (USD), European Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), and more. They may invest in other currencies such as Hong Kong Dollar (HKD), Swedish Koran (SEK), South Korean Won (KRW), and Singapore Dollar (SGD).

From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and dividend yield from the table below. The list is sorted based on its 1 year return up to April 21, 2013.

Top Mutual Funds

The best performing currency mutual funds April 2013 are:
  1. Eaton Vance Diversified Currency Income fund (EAIIX)
  2. Rydex Strengthening Dollar 2x Strategy fund (RYSDX)
  3. Lord Abbett Emerging Markets Currency fund (LDMAX)
  4. ProFunds Rising US Dollar fund (RDPIX)
  5. PIMCO Emerging Markets Currency fund (PLMAX)
  6. Columbia Absolute Return Currency & Income fund (RARAX)
  7. Ashmore Emerging Markets Currency fund (ECYAX)
  8. JPMorgan Ex-G4 Currency Strategies fund (EXGAX)
  9. JHancock2 Currency Strategies fund (JCUAX)
  10. JPMorgan International Currency Income fund (JCIAX)

Vanguard Precious Metals and Mining Fund (VGPMX) Investor Shares

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Precious metals such as Gold and Silver have become an important portfolio asset for investors. Owning these precious metals directly does involve significant work for retail investors. Using mutual funds, investors can achieve the same investment goal. One of the popular precious metals mutual funds is Vanguard Precious Metals and Mining Inv.

Vanguard Precious Metals and Mining Investor (VGPMX)

Vanguard Precious Metals and Mining Fund (VGPMX) Investor Shares
Vanguard Precious Metals and Mining
The Vanguard Precious Metals and Mining fund objective is to provide long-term capital appreciation through investment in the stocks of foreign and U.S. companies of metals or minerals. These precious metals companies may involve in the exploration, mining, development, fabrication, processing, marketing, or distribution. The majority of these companies will be mainly involved in activities related to gold, silver, platinum, diamonds, and rare metals or minerals.

Fund Details
  • Fund Inception Date: May 23, 1984
  • Ticker Symbol: VGPMX
  • CUSIP: 921908208
  • Beta (3yr): 126.08
  • Rank in category (YTD): 2%
  • Category: Equity Precious Metals
  • Yield: 0.53%
  • Capital Gains: 0%
  • Expense Ratio: 0.27%  
  • Net Assets: $ 4.37 billion
  • Number of Years Up: 15 years
  • Number of Years Down: 12 years

Top 6 Best Currency Mutual Funds 2012

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Investing in local (USD) or foreign currencies can be done not only through forex account. Investors can also choose various investment funds such as mutual funds and exchange traded funds to invest in this sector. Some of the best currency mutual funds are: Merk Hard Currency Investor, Franklin Templeton Hard Currency A, PIMCO Emerging Markets Currency A, etc.


As we know, the currency market is the largest and the most liquid market in the world. If you have always wanted to invest in the Forex, or the currency market, forex account is not the only place for investment. There are various alternatives available through investment funds.

Top 6 Best Currency Mutual Funds 2012Foreign currency mutual funds are appropriate for any investors who wish to venture on a currency and who would like to hedge a currency. If you know about mutual funds, you may be surprise to learn that there are various foreign currency mutual funds. Investors are also taking on the added risk on the currency’s exchange rate by investing in currency mutual funds.

Currency mutual funds objective is to track the value of a currency against another currency, minus the management fees or expense ratio fees. Most currency mutual funds track a currency against the US Dollar (US$ or USD). If you are an American and decide to invest in the emerging markets, you could invest in an emerging markets local currency mutual fund. You may also invest in other currency mutual funds.

Merger Fund (MERFX)

Merger Fund (MERFX) is one of the best alternative mutual funds for financial investing. Its objective is to provide capital growth.

This next fund can provide an alternative investment strategy to many investors. As part of market neutral category fund, Merger Fund invests in announced merger companies. This type of fund is usually less volatile and has a set of guarantee return. This fund is also featured in Kiplinger’s 25 Best Fund. This fund is being added recently in 2010 and will replace the previous Arbitrage Fund (Ticker: ARBFX) in Kip 25. Arbitrage Fund is removed due to it is closed to new investor.

According to its website (, Merger Fund is the first mutual fund dedicated entirely to merger arbitrage. This fund has been around since 1989. As discussed, it also has one of the lowest volatility for stock funds with beta of 0.10. This fund is also very popular to retail investors and institutional investors with $4.53 billion asset.

Altenative Mutual Fund

The investment in Merger Fund is seeking for capital growth. The goal is achieved by engaging in merger arbitrage. The major net assets investment of this Merger Fund (at least 80%) is in the equity securities of merger-companies. The companies are involved in publicly announced mergers, tender offers, liquidation, spin-offs, takeovers, leveraged buyouts and other corporate reorganizations. This is a special investment approach to gain the most profit from the companies in such conditions.

Merger Fund MERFX Details

    Merger Fund (MERFX)
  • Fund Inception Date: January 1989
  • Ticker Symbol: MERFX
  • CUSIP: 589509108
  • Beta (3yr): 0.10
  • Rank in category YTD: 12
  • Category: Market Neutral
  • Distribution: 0.32%
  • Expense fee: 1.40%
  • Turnover Rates: 182%
  • Capital Gains: check website
  • Number of Years Up: 19 years
  • Number of Years Down: 2 years
Updated on May 2017

The Merger Fund was the first mutual fund devoted exclusively to merger arbitrage. Roy D. Behren has been the lead manager for this fund since 2007. Should you plan to invest in this fund, the minimum initial invest for either brokerage or IRA account is $2,000 and no minimum subsequent investment. This fund applies a 0.927% of management fee. MERFX is considered as a no sales load fund. The fund can be purchased from 81 brokerages, include T Rowe Price, DATALynx, JP Morgan, E Trade Financial, TD Ameritrade Inc, etc. This fund has no other class.


The annual report of expense ratio is 1.41%, which is lower than the average in the category (1.96%). Since its inception in 1989, this fund has experienced a total of 19 years up performance with the best total return in 2000 (17.58%) and 2 years of down period with the worst total return in 2002 (-5.67%). This fund receives 4-stars rating from Morningstar. MERFX fund has returned 4.09% over the past year and 3.46% over the past ten years. The year to date (YTD) return is 2.41%.
  • Year 2017: 1.47% (YTD)
  • Year 2016: 2.61%
  • Year 2015: -0.82%
  • Year 2014: 1.43%
  • Year 2013: 3.61%
As of December 2010, the top 10 equity holdings of this fund are Alcon Inc, Bucyrus International Inc, McAfee Inc, Qwest Communications International Inc, King Pharmaceuticals, Inc, Alberto-Culver Company, Western Coal Corp, Genzyme Corporation, Potash Corporation of Saskatchewan and Undisclosed UK Media. The top countries in this fund include United States (77.14%), Europe (12.70%) and Canada (7.63%). The top 5 sectors include health care (18.90%), industrials (17.98%), materials (16.18%), financials (11.71%) and consumer discretionary (11.55%).
Investing in this Merger Fund involves principal risks such as:
  • Reorganization risk
  • Foreign investment risk
  • Foreign currency risk
  • Hedging risk
  • High transaction cost due to high turnover rates
Disclosure: No Position

For details about this Merger Fund information, please check my Kiplinger’s 25 Best Fund page. Other Kiplinger's Best Mutual Funds:
This Merger Fund (MERFX) was part of Kiplinger's 25 best mutual funds before.