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LIMA – US Global Investors, Inc., a seasoned investment advisory firm, has expanded its footprint on the Peruvian financial market with the listing of a gold mining and exchange-traded fund (ETF). , GOAU, on the Lima Stock Exchange. The launch was announced by CEO Frank Holmes on Wednesday, who emphasized the strategic nature of the move, given Peru’s prominence as Latin America’s leading gold producer and its significant contribution of the mining industry to the country’s GDP.
The decision to list GOAU in Peru comes after the company successfully introduced the Jets ETF on the Lima exchange in December 2020. GOAU’s quantitative model is designed to select stocks based on financial stability and return on investment criteria, providing Peruvian investors with specialized access to gold and mining companies. copyright companies. The fund is particularly well suited to key industry players, such as Franco-Nevada and Wheaton Precious Metals, which have operations in Peru.
In addition to this strategic expansion, U.S. Global Investors has been actively managing its share repurchase program. In November 2023, the company significantly accelerated its efforts by purchasing 44,757 shares for $128,000 – an 80% increase compared to purchases made in the same month the previous year.
Recent developments reflect the commitment of US global investors to providing innovative investment solutions across a variety of asset classes, including digital assets.
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