U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a
registered investment advisory firm with longstanding experience in
global markets and specialized sectors, today is pleased to
announce that its gold mining and royalty ETF, the U.S. Global GO
GOLD and Precious Metal Miners ETF (NYSE: GOAU), is now listed on
Peru’s Bolsa de Valores de Lima (Lima Stock Exchange). The new
listing expands GOAU’s global footprint and provides Peruvian
investors access to the fund.
GOAU will join the U.S. Global Jets ETF (NYSE: JETS), which
listed in Lima in December 2020.
“We’re very excited to expand GOAU into Peru, one of the fastest
growing economies in Latin America,” says Frank Holmes, the
Company’s CEO and Chief Investment Officer. “Further, mining is the
country’s top sector, accounting for about 10% of its gross
domestic product (GDP). Peru is rich in natural resources,
including key metals such as copper, silver and gold; in fact, the
country is the largest producer of the yellow metal in all of Latin
America. I believe this makes it an ideal destination for GOAU,
which provides investors access to not just gold mining companies
but also, strategically, royalty companies.
“We consider royalty companies—the largest being Franco-Nevada,
Wheaton Precious Metals and Royal Gold, which collectively
constitute approximately 30% of GOAU—to be the ‘smart money’ of the
metals and mining industry,” Mr. Holmes continues. “Instead of
conducting the mining themselves, they provide upfront cash to
explorers and producers in exchange for royalties on future sales
or a fixed stream of the metal that’s produced. Both Franco-Nevada
and Wheaton Precious have assets in Peru. Other companies that have
assets or a presence in Peru that are also currently held in GOAU
include Sandstorm Gold Royalties, Gold Fields, Hochschild Mining
and AngloAmerican.”
To see the top holdings in GOAU, click
here.
Download the English language GOAU fact sheet
here and the Spanish language fact
sheet here.
Share Buyback Update
The Company is also pleased to provide an update on its share
buyback program. In November 2023, the Company bought back 44,757
of its own shares at a net cost of around $128,000. This represents
an approximately 80% increase in the number of shares that were
repurchased during the same month a year earlier.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 50 years
when it began as an investment club. Today, U.S. Global Investors,
Inc. (www.usfunds.com) is a registered investment adviser that
focuses on niche markets around the world. Headquartered in San
Antonio, Texas, the Company provides investment advisory services
to U.S. Global Investors Funds and U.S. Global ETFs.
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# # #
Please carefully consider a fund’s investment objectives, risks,
charges, and expenses. For this and other important information,
obtain a statutory and summary prospectus for GOAU here. Read it
carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the funds. Brokerage commissions will
reduce returns. Because the funds concentrate their investments in
specific industries, the funds may be subject to greater risks and
fluctuations than a portfolio representing a broader range of
industries. The funds are non-diversified, meaning they may
concentrate more of their assets in a smaller number of issuers
than diversified funds.
The funds invest in foreign securities which involve
greater volatility and political, economic and currency risks and
differences in accounting methods. These risks are greater for
investments in emerging markets. The funds may invest in the
securities of smaller-capitalization companies, which may be more
volatile than funds that invest in larger, more established
companies. The performance of the funds may diverge from that of
the index. Because the funds may employ a representative sampling
strategy and may also invest in securities that are not included in
the index, the funds may experience tracking error to a greater
extent than funds that seek to replicate an index. The funds are
not actively managed and may be affected by a general decline in
market segments related to the index.
Gold, precious metals, and precious minerals funds may
be susceptible to adverse economic, political, or regulatory
developments due to concentrating in a single theme. The prices of
gold, precious metals, and precious minerals are subject to
substantial price fluctuations over short periods of time and may
be affected by unpredicted international monetary and political
policies. We suggest investing no more than 5% to 10% of your
portfolio in these sectors.
Fund holdings and allocations are subject to change at any
time. Click here to view fund holdings for GOAU.
Distributed by Quasar Distributors, LLC. U.S. Global Investors
is the investment adviser to GOAU.
International Trade Administration. (2022, August 17). Peru -
Mining Equipment and Machinery. www.trade.gov.
https://www.trade.gov/country-commercial-guides/peru-mining-equipment-and-machinery
Corporate Presentation. (2023).
https://s201.q4cdn.com/345177888/files/doc_presentations/2023/Nov/28/franco-nevada-november-2023-presentation-11-27-2023.pdf
EXPLORE THE PREMIER PRECIOUS METALS INVESTMENT. (2023).
https://s21.q4cdn.com/266470217/files/doc_downloads/2023/09/wheaton_guidebook_2023_2024-final-web.pdf
A Brighter Way to Invest in Gold (n.d.). Retrieved December 1,
2023, from
https://www.sandstormgold.com/_resources/presentations/SSL-Presentation.pdf
Americas Region | OPERATIONS | Gold Fields. (2013).
Goldfields.com. https://www.goldfields.com/americas-region.php
Current operations | Hochschild Mining. (n.d.). Retrieved
December 1, 2023, from
https://www.hochschildmining.com/where-we-operate/current-operations/
Quellaveco Mine. (n.d.). www.angloamerican.com.
https://www.angloamerican.com/products/copper/quellaveco
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1222
hschoenfeldt@usfunds.com
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