GROW an Extreme Strong Buy Opinion ahead of earnings
U.S. Global Investors Funds Continue Stellar Performance
Wednesday October 10, 9:39 am ET
Seven of Company's Funds Earn Top 1 Percent Rankings in Latest WSJ Report
SAN ANTONIO--(BUSINESS WIRE)--Seven of the nine stock funds managed by U.S. Global Investors, Inc. (Nasdaq:GROW
) are among the top-performing mutual funds in the industry rankings recently published in the Wall Street Journal.
U.S. Global's China Region Opportunity Fund (USCOX) ranked #9 in total return among all U.S. mutual funds for the three-month period ending September 30, 2007. The company's Gold Shares Fund (USERX) and Global Emerging Markets Fund (GEMFX) were also in the top 75 funds in total return for the latest quarter. More than 18,000 funds have a three-month track record, according to Morningstar.
Also during the third quarter of 2007, U.S. Global grew its assets under management by some $300 million to about $5.35 billion and the company's board approved a doubling of its monthly dividend beginning in October.
"The wind continues to hit our sails when it comes to growth in emerging markets and natural resources, and we remain confident in those sectors," says Frank Holmes, CEO and chief investment officer. "What we're seeing today in emerging nations makes it a classic example of great bull markets climbing a wall of worry and doubt. Despite years of strong GDP growth in China, India and elsewhere, much of Wall Street and the financial media remain unconvinced that this global shift is for real.
"The result is that many investors who rely on these sources of information have missed out on the huge secular bull market created as Chindia and other populous emerging nations expand investments in their domestic economies, including their infrastructure. Compelling research on diversification identifies international investing and resources as new permanent asset classes, but that idea still meets resistance. The growing field of behavioral finance addresses the psychological biases we all have as investors. The key is to recognize those biases and manage them to avoid making suboptimal decisions."
For the one-year period ending September 30, 2007, the China Region Opportunity Fund ranked #19 overall in total return and the Global Emerging Markets Fund placed 76th. According to Morningstar, there are more than 17,000 funds with a one-year record.
U.S. Global's Global Resources Fund (PSPFX) ranked #9 overall in total return for the five years ending September 30, 2007 and the company's Eastern European Fund (EUROX) ranked #12. The World Precious Minerals Fund (UNWPX) was #56 and the China Region Opportunity Fund ranked 78th. There are more than 11,000 funds with a five-year record, according to Morningstar.
The Eastern European Fund placed #5 overall in total return over the 10-year period ending September 30, 2007. Morningstar lists more than 5,000 funds with a 10-year record.
The All American Equity Fund (GBTFX) ranked #5 among 812 large-cap core funds for the one-year period ending September 30, 2007, according to the WSJ, placing it in the top 1 percent of its category.
Total Annualized Returns as of September 30, 2007
10- Expense Expense
Fund 1-Year 5-Year Year Ratio Ratio
China Region Opportunity
(USCOX) 90.85% 37.67% 7.62% 2.51% N/A
Gold Shares (USERX) 22.78% 31.19% 6.84% 1.66% N/A
Global Emerging Markets
(GEMFX) 60.54% N/A 34.96%(a) 3.20% 2.50%
Global Resources (PSPFX) 47.32% 47.57% 14.03% 1.03% N/A
Eastern European (EUROX) 47.59% 44.96% 19.90% 1.99% N/A
World Precious Minerals
(UNWPX) 34.12% 39.10% 10.90% 1.23% N/A
All American Equity (GBTFX) 28.89% 16.05% 4.23% 2.31% 1.75%
(a) Since inception, 2/24/05
Gross expense ratio as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any fees described in the fund's prospectus (e.g. short-term trading fees) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS, option 5. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future. The Adviser for the All American Equity Fund has contractually limited total fund operating expenses (as a percentage of net assets) to not exceed 1.75% through November 1, 2007, or until such later date as the Adviser determines. The Adviser has contractually limited total fund operating expenses to not exceed 2.50% for the Global Emerging Markets Fund on an annualized basis through February 28, 2008, and until such later date as the Adviser determines.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor 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, U.S. Global Accolade Funds and other clients.
With an average of $5.02 billion in assets under management for the quarter ended June 30, 2007, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage Inc.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is 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 gold or gold stocks. Contact:
U.S. Global Investors, Inc.
Director of Communications
Terry Badger, email@example.com
Source: U.S. Global Investors, Inc.