U.S. Global Investors, Inc., a well-established investment advisory firm, has extended its reach in the Peruvian financial market by listing its gold mining and royalty exchange-traded fund (ETF), GOAU, on the Lima Stock Exchange. The announcement was made by CEO Frank Holmes, emphasizing the strategic nature of this move, considering Peru’s position as the leading gold producer in Latin America and the substantial contribution of its mining sector to the country’s GDP.
The decision to list GOAU in Peru follows the successful introduction of the Jets ETF on the Lima exchange in December 2020. GOAU’s quantitative model is tailored to select stocks based on financial stability and return on investment criteria, providing Peruvian investors with specialized access to gold mining companies and royalty firms. The fund focuses on significant industry players, including Franco-Nevada and Wheaton Precious Metals (NYSE:WPM), both of which operate in Peru.
Alongside this strategic expansion, U.S. Global Investors has actively managed its share repurchase program. In November 2023, the company accelerated its efforts by acquiring 44,757 shares for $128,000, marking an 80% increase from purchases in the same month the previous year.
These recent developments underscore U.S. Global Investors’ commitment to offering innovative investment solutions across diverse asset classes, including digital assets. The move to list a gold ETF in Peru aligns with the firm’s strategy to tap into the significant opportunities presented by the country’s prominent role in the gold mining industry.