U.S. Global Investors Launches Gold Royalty GOAU ETF on Mexican Stock Exchange, Expanding Global Footprint in Latin America
November 01 2023 - 10:01AM
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
the Mexican Stock Exchange (BMV). The new listing expands GOAU’s
global footprint and allows investors in Mexico to access the fund.
GOAU will join the U.S. Global Jets ETF (NYSE: JETS), which
listed on the Mexican Stock Exchange in 2021.
The BMV is the second largest stock exchange in Latin America,
after Brazil, with a total market capitalization of over $530
billion.
“We are very proud of GOAU and its performance,” says Frank
Holmes, CEO and chief investment officer of U.S. Global Investors.
“It’s exciting that we can now offer investors in Mexico a chance
to add GOAU to their portfolios, particularly during tough
geopolitical times, when gold and gold stocks are often looked to
as a safe-haven investment.”
GOAU uses a rules-based, smart-factor model that has a
distinctive quant approach to picking gold stocks. The fund
provides investors access to companies engaged in the production of
precious metals, whether through active (mining or production) or
passive (owning royalties or production streams) means.
“We’ve witnessed the strength behind the gold royalty model,
particularly in the three largest royalty positions in GOAU:
Wheaton Precious Metals, Franco-Nevada and Royal Gold,” Mr. Holmes
says. “All three of these companies, as of June 30, have royalty
streams in Latin American countries as well. Wheaton Precious
Metals, for example, has mines in Mexico, Brazil and Peru, while
Franco-Nevada has mines throughout South and Central America as
well as in Mexico. Lastly, Royal Gold has projects in Mexico and
Brazil.”
To learn more about the U.S. Global GO GOLD and Precious Metal
Miners ETF (GOAU), click here.
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.
# # #
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.
Free cash flow is the money that the company has available
to repay its creditors or pay dividends and interest
to investors.
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.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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