Zurich, Switzerland, April 22, 2011 --(PR.com
)-- Thalmann Commodities (www.thalmanncommodities.com), a leading Independent Broker Dealer based in Zurich announced that its flagship strategy, the Hard Currency Fund (HCF), reached $150 million euro in assets, after reaching $100 million just three months earlier. The Fund, which was launched in December, 2010, is a no-load, open-end mutual fund that seeks to protect against the fall of the dollar relative to other currencies.
"We are pleased to have reached this milestone because it demonstrates the demand for hard currency diversification," said Walter Mayerbach, Thalmann Commodities’s executive director of business and product development. The Fund seeks to protect investors against declines in the US dollar by investing in a basket of hard currency denominated investments composed of high-quality, short-term money market instruments of countries pursuing sound monetary policies, and indirectly in gold.
"Investors have grown concerned that the U.S. dollar may be susceptible to further depreciation," he continued, "through the Hard Currency Fund, investors can seek protection against a falling dollar with the ease of investing in a no-load mutual fund. U.S. stock and bond markets are at risk of a correction, and an increasing number of investors no longer consider U.S. dollar cash a safe alternative. Investors are looking to gain exposure to sound hard currencies - not as a speculative play, but as a way to further diversify their holdings."
About Thalmann Commodities
Thalmann Commodities is an Independent Broker Dealer offering worldwide coverage of Commodities, Financial Futures and Options and FX Markets. Clients are serviced by experienced and dedicated staff from our offices in Tokyo, Brussels and Gibraltar where we have more than 200 employees.