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The U.S. Global Jets ETF (JETS) Is Now Available to Trade at Citi; the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) Closes at Record High for Third Straight Trading Day

from U.S. Global Investors July 23, 2020

SAN ANTONIO–July 23, 2020–U.S. Global Investors, Inc. (Nasdaq: GROW) (“the Company”), a boutique registered investment advisory firm specializing in gold and precious metals, natural resources and emerging markets, is pleased to announce that its airlines ETF, the U.S. Global Jets ETF (JETS), was approved to trade on Citi’s trading platform. The inclusion became effective Monday, July 20, making JETS available to even more investors.

This development comes a month after JETS, a smart-beta 2.0 ETF, crossed above $1 billion in assets under management (AUM) as investors sought exposure to airline stocks that had been knocked down following coronavirus-related travel restrictions. Between February 18 and June 10 of this year, JETS saw an incredible 70 straight trading days of positive inflows.

“We are thrilled that JETS has been approved by Citi,” says Frank Holmes, the Company’s CEO and chief investment officer. “It took five years of patience, capital and nurturing to build the JETS brand before its spectacular growth. That growth continues today with the ETF’s inclusion at Citi.”

Citi Personal Wealth Management, the financial advisory division of Citi, has more than 3,400 financial advisors in major metro areas around the U.S. As of August 2019, it had over $31 billion in AUM.

JETS isn’t the only ETF in the Company’s stable of investment products that has performed well in recent weeks. Shares of the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)—a dynamic, smart-beta 2.0 ETF that seeks to invest in high-quality precious metal miners, with a special emphasis on royalty and streaming companies—closed at an all-time high on July 21, ending the session at $23.95. This was the third straight trading day that GOAU closed at a record high price.

“Spot gold began trading above $1,840 an ounce on July 21 for the first time since September 2011, and this has sparked renewed enthusiasm in gold mining stocks and ETFs as a way to play the rally,” says Mr. Holmes. “With central banks and finance ministers around the world taking unprecedented steps to support their coronavirus-impacted economies, I believe it’s only a matter of time before gold surpasses its previous record high of approximately $1,900, set in August 2011. This would be highly constructive for GOAU, whose AUM climbed above $100 million earlier this month.”

Thanks to the healthy inflows into JETS and GOAU, the Company has seen its total AUM surge. As of the quarter-end on June 30, total AUM was $1.7 billion, up more than 157 percent from the previous quarter-end on March 31.

To learn more about JETS, please click here.

To learn more about GOAU, please 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 money management and other services to U.S. Global Investors Funds and U.S. Global ETFs.

Forward-Looking Statements and Disclosure

Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory and summary prospectus by visiting www.usglobaletfs.com. Read it carefully before investing.

Past performance does not guarantee future results.

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 fund. Brokerage commissions will reduce returns. Because the fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The fund is non-diversified, meaning it may concentrate more of its assets in a smaller number of issuers than a diversified fund. The fund invests 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 fund 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 fund may diverge from that of the index. Because the fund may employ a representative sampling strategy and may also invest in securities that are not included in the index, the fund may experience tracking error to a greater extent than a fund that seeks to replicate an index. The fund is not actively managed and may be affected by a general decline in market segments related to the index. Airline companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs. 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.

Smart beta refers to a type of exchange-traded fund (ETF) that uses a rules-based system for selecting investments to be included in the fund portfolio. The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread has had a significant detrimental effect on the global and domestic economies, financial markets and industries, including airlines. U.S. Global Investors continues to monitor the impact of COVID-19, but it is too early to determine the full impact this virus may have on commercial aviation. Should this emerging macro-economic risk continue for an extended period, there could be an adverse material financial impact to the U.S. Global Jets ETF.

Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to JETS and GOAU.

All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.