Top Performing Currency Funds
Currency 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 Fund
FX 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 Fund
Columbia 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 Fund
This 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 |
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