U.S. Global Investors Launches Institutional Shares
Reported by InvestmentWires Staff,
U.S. Global Investors this week added an institutional share class to three of its funds. This marks the first time that the San Antonio firm is offering such shares.
U.S. Global Investors has ten other funds in its product roster. "There are no plans for adding institutional class shares for other funds at this time," a company spokesman wrote in e-mailed comments to The MFWire.
The institutional shares became available March 1 for the
World Precious Minerals Fund, the Global Resources Fund, and the Global MegaTrends Fund.
"Pension plans, endowments, foundations and other institutional clients value that we are unique, and it was important for us to recognize that they have unique business needs," said U.S. Global Investors CEO and CIO Frank Holmes in a news release.
Company Press Release
SAN ANTONIO–March 2, 2010–U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, today announced the creation of an institutional share class for three no-load mutual funds managed by the company.
The shares became available on March 1 for institutional investors in the World Precious Minerals Fund, which invests primarily in junior and mid-tier gold and precious metals exploration companies; the Global Resources Fund, which invests in natural resources equities; and the Global MegaTrends Fund, whose strategy is to invest in equities benefiting from the dramatic increase in infrastructure development around the world.
The World Precious Minerals Fund was first in total return among all U.S. gold-oriented mutual funds and exchange-traded funds for the year ended December 31, 2009. The fund was ranked #1 of 71, #34 of 51 and #18 of 29 among gold-oriented funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009.
The top ranking for 2009 is the latest achievement for the World Precious Minerals Fund, which won Lipper Fund Awards in 2006, 2007 and 2008 for its consistent return compared to peers. The fund was also 2006’s top-ranked gold fund in total return, according to Lipper.
The Global Resources Fund won Lipper Fund Awards for consistent return in the four straight years from 2005 to 2008. It was also among the top 4 percent of all U.S. mutual funds in total return in each of the latest 1-, 5- and 10-year performance periods.
The Global Resources Fund was ranked #281 of 7,475 (top 4 percent), #161 of 5,289 (top 4 percent) and #26 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009.
U.S. Global Investors was among the first U.S. asset managers to recognize global infrastructure as an investment opportunity, and in 2007, the company focused the Global MegaTrends Fund on this opportunity. This theme is at the intersection of U.S. Global’s investment specialization in natural resources and emerging markets committed to building out their infrastructure to support their rapid economic growth.
“We were early in identifying the supercycle for natural resources that’s being driven by the global infrastructure boom, primarily in emerging markets,” says Frank Holmes, CEO and Chief Investment Officer for U.S. Global Investors. “Powerful urbanization and globalization trends are increasing the demand for natural resources. There has been explosive growth of middle-class households in China, India, Brazil and elsewhere who want better housing and access to goods and services long taken for granted in the developed world. Their rising wealth is also being seen in rising demand for gold, both as a luxury item and as a store of wealth.
“We use a matrix of top-down and bottom-up models for stock selection, and we believe government policies are a key precursor for change – for that reason, we keep track of the fiscal and monetary policies of the largest developed and developing markets,” Mr. Holmes says. “We have been publishing on global growth themes for years and have won many awards for our educational communication, which includes our Weekly Investor Alert, our investment blog and our quarterly magazine.
“We also communicate directly to institutional investors each week through our Advisor Alert. Institutions are embracing natural resources and precious metals as an important part of a diversified portfolio, and they are expressing more interest in our award-winning investment strategies,” Mr. Holmes says. “Pension plans, endowments, foundations and other institutional clients value that we are unique, and it was important for us to recognize that they have unique business needs. In bringing out the institutional share class, we are being responsive to those needs.”
The ticker for the institutional share class of the Global Resources Fund is PIPFX, the World Precious Minerals Fund is UNWIX and the Global MegaTrends Fund is MEGIX. The minimum investment in this share class is $5 million.
For more information about the new institutional shares of the Global Resources Fund, the World Precious Minerals Fund or the Global MegaTrends Fund, please contact Michael Dunn, Director of Institutional Services, at 210-308-1287 or firstname.lastname@example.org.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.
With an average of $2.7 billion in assets under management in the quarter ended December 31, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets.
U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com.