The phrase "investment merit" refers to the qualities or characteristics of an investment that make it seem attractive or worthwhile. It describes the reasons why someone might consider investing in a particular asset or opportunity. Full definition
We found no ETFs in the utility sector that offer investors attractive investment merit and acceptable structural integrity. (newconstructs.com)
But prevailing valuations provide very little investment merit for stocks. (hussmanfunds.com)
The only way to adequately gauge investment merit here is to have a valid and historically reliable approach for estimating prospective future market returns. (hussmanfunds.com)