SAN ANTONIO—December 6, 2023—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 Peruvians 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.[1] 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[2] and Wheaton Precious[3] 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,[4] Gold Fields,[5] Hochschild Mining[6] and AngloAmerican.[7]”
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.
[1] 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
[2] Corporate Presentation. (2023). https://s201.q4cdn.com/345177888/files/doc_presentations/2023/Nov/28/franco-nevada-november-2023-presentation-11-27-2023.pdf
[3] EXPLORE THE PREMIER PRECIOUS METALS INVESTMENT. (2023). https://s21.q4cdn.com/266470217/files/doc_downloads/2023/09/wheaton_guidebook_2023_2024-final-web.pdf
[4] A Brighter Way to Invest in Gold (n.d.). Retrieved December 1, 2023, from https://www.sandstormgold.com/_resources/presentations/SSL-Presentation.pdf
[5] Americas Region | OPERATIONS | Gold Fields. (2013). Goldfields.com. https://www.goldfields.com/americas-region.php
[6] Current operations | Hochschild Mining. (n.d.). Retrieved December 1, 2023, from https://www.hochschildmining.com/where-we-operate/current-operations/
[7] Quellaveco Mine. (n.d.). www.angloamerican.com. https://www.angloamerican.com/products/copper/quellaveco