U.S. Global Investors Expands in Peru with Gold Mining ETF

Strategic Expansion into Peru

U.S. Global Investors, Inc., a prominent investment advisory firm, has strategically expanded its presence in the Peruvian financial market by listing its gold mining and royalty exchange-traded fund (ETF), GOAU, on the Lima Stock Exchange. This move capitalizes on Peru's status as Latin America's leading gold producer and highlights the significant role of its mining sector in the national economy.

GOAU ETF: A Specialized Investment Opportunity

The GOAU ETF is meticulously designed to offer Peruvian investors unique access to gold mining and royalty companies. Utilizing a quantitative model, it selects stocks based on financial stability and return on investment. The fund aligns with major industry players such as Franco-Nevada and Wheaton Precious Metals, both of which have operations in Peru. This strategic listing follows the successful introduction of the Jets ETF on the Lima exchange in December 2020.

Commitment to Growth and Innovation

Further demonstrating its commitment to growth, U.S. Global Investors has been actively managing a share repurchase program. In November 2023, the firm accelerated its repurchase efforts by acquiring 44,757 shares for $128,000, marking an 80% increase from the previous year's purchases. This initiative underscores the company's dedication to providing innovative investment solutions across various asset classes, including digital assets.

U.S. Global Investors' recent actions reflect a focused approach to expanding its investment offerings and enhancing shareholder value, reinforcing its position as a leader in the global investment landscape.