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MEAFX - Merk Asian Currency Inv

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Merk Asian Currency Inv (MEAFX)
Expense Ratio: 1.30%
Expected Lifetime Fees: $37,528.44


The Merk Asian Currency Inv fund (MEAFX) is a Currency fund started on 4/1/2008 and has $78.60 million in assets under management. The current manager has been running Merk Asian Currency Inv since 4/22/2008. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

PowerShares DB US Dollar Index Bullish (UUP)
Expense Ratio: 0.81%
Expected Lifetime Fees: $24,601.35


The PowerShares DB US Dollar Index Bullish (UUP) is an Exchange Traded Fund. It is a "basket" of securities that index the Currency investment strategy and is an alternative to a Currency mutual fund. Fees are very low compared to a comparable mutual fund like Merk Asian Currency Inv because computers automatically manage the stocks.




The Following Currency Funds Have Lower Fees Than Merk Asian Currency Inv (MEAFX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Franklin Templeton Hard Currency A ICPHX 0.0% 554 1.22%
Franklin Templeton Hard Currency Adv ICHHX 0.0% 554 0.92%
Lord Abbett Emerging Markets Currency A LDMAX 130.3% 405 1.01%
Lord Abbett Emerging Markets Currency I LDMYX 130.3% 405 0.81%
Merk Hard Currency Fund Institutional Class MHCIX 94.0% 508 1.05%
PIMCO Emerging Markets Currency A PLMTZ 49.0% 6,400 1.25%
PIMCO Emerging Markets Currency D PLMDX 49.0% 6,400 1.25%
PIMCO Emerging Markets Currency Fund Administrative Class PDEVX 49.0% 6,400 1.10%
PIMCO Emerging Markets Currency Instl PLMIX 49.0% 6,400 0.85%
PIMCO Emerging Markets Currency P PLMPX 49.0% 6,400 0.95%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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