The U.S. Global Jets ETF (JETS) Is Now Available to Trade at Citi; the U.S. Global GO GOLD and Precious Metal Miners ETF (GOA...
July 23 2020 - 10:25AM
U.S. Global Investors, Inc. (Nasdaq: GROW) (“the Company”), a
boutique registered investment advisory firm specializing in gold
and precious metals, natural resources and emerging markets, is
pleased to announce that its airlines ETF, the U.S. Global Jets ETF
(JETS), was approved to trade on Citi’s trading platform. The
inclusion became effective Monday, July 20, making JETS available
to even more investors.
This development comes a month after JETS, a smart-beta
2.0 ETF, crossed above $1 billion in assets under management (AUM)
as investors sought exposure to airline stocks that had been
knocked down following coronavirus-related travel restrictions.
Between February 18 and June 10 of this year, JETS saw an
incredible 70 straight trading days of positive inflows.
“We are thrilled that JETS has been approved by Citi,” says
Frank Holmes, the Company’s CEO and chief investment officer. “It
took five years of patience, capital and nurturing to build the
JETS brand before its spectacular growth. That growth continues
today with the ETF’s inclusion at Citi.”
Citi Personal Wealth Management, the financial advisory division
of Citi, has more than 3,400 financial advisors in major metro
areas around the U.S. As of August 2019, it had over $31 billion in
AUM.
JETS isn’t the only ETF in the Company’s stable of investment
products that has performed well in recent weeks. Shares of the
U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)—a dynamic,
smart-beta 2.0 ETF that seeks to invest in high-quality precious
metal miners, with a special emphasis on royalty and streaming
companies—closed at an all-time high on July 21, ending the session
at $23.95. This was the third straight trading day that GOAU closed
at a record high price.
“Spot gold began trading above $1,840 an ounce on July 21 for
the first time since September 2011, and this has sparked renewed
enthusiasm in gold mining stocks and ETFs as a way to play the
rally,” says Mr. Holmes. “With central banks and finance ministers
around the world taking unprecedented steps to support their
coronavirus-impacted economies, I believe it’s only a matter of
time before gold surpasses its previous record high of
approximately $1,900, set in August 2011. This would be highly
constructive for GOAU, whose AUM climbed above $100 million earlier
this month.”
Thanks to the healthy inflows into JETS and GOAU, the Company
has seen its total AUM surge. As of the quarter-end on June 30,
total AUM was $1.7 billion, up more than 157 percent from the
previous quarter-end on March 31.
To learn more about JETS, please click
here.
To learn more about GOAU, please click here.
####
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 money management and other
services to U.S. Global Investors Funds and U.S. Global ETFs.
Forward-Looking Statements and Disclosure
Please consider carefully a fund’s investment objectives, risks,
charges and expenses. For this and other important information,
obtain a statutory and summary prospectus by visiting
www.usglobaletfs.com. Read it carefully before investing.
Past performance does not guarantee future results.
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 fund. Brokerage commissions will
reduce returns. Because the fund concentrates its investments in
specific industries, the fund may be subject to greater risks and
fluctuations than a portfolio representing a broader range of
industries. The fund is non-diversified, meaning it may concentrate
more of its assets in a smaller number of issuers than a
diversified fund. The fund invests 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 fund 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 fund may diverge from that of the
index. Because the fund may employ a representative sampling
strategy and may also invest in securities that are not included in
the index, the fund may experience tracking error to a greater
extent than a fund that seeks to replicate an index. The fund is
not actively managed and may be affected by a general decline in
market segments related to the index. Airline companies may be
adversely affected by a downturn in economic conditions that can
result in decreased demand for air travel and may also be
significantly affected by changes in fuel prices, labor relations
and insurance costs. 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.
Smart beta refers to a type of exchange-traded
fund (ETF) that uses a rules-based system for selecting
investments to be included in the fund portfolio. The outbreak of
the COVID-19 pandemic and the resulting actions to control or slow
the spread has had a significant detrimental effect on the global
and domestic economies, financial markets and industries, including
airlines. U.S. Global Investors continues to monitor the impact of
COVID-19, but it is too early to determine the full impact this
virus may have on commercial aviation. Should this emerging
macro-economic risk continue for an extended period, there could be
an adverse material financial impact to the U.S. Global Jets
ETF.
Distributed by Quasar Distributors, LLC. U.S. Global Investors
is the investment adviser to JETS and GOAU.
All opinions expressed and data provided are subject to change
without notice. Opinions are not guaranteed and should not be
considered investment advice.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From Aug 2024 to Sep 2024
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From Sep 2023 to Sep 2024