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U.S. Global Investors Announces GOAU ETF Listing on LPL Financial and Stifel Platforms
San Antonio, TX, Sept. 20, 2019 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. is pleased to announce that the U.S. Global GO GOLD and Precious Metal Miners
About this update from U.s. Global Investors, Inc.
[{"type":"text","content":"San Antonio, TX, Sept. 20, 2019 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. is pleased to announce that the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU) is now live and trading at LPL Financial and Stifel.\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n GOAU was launched June 27, 2017 on the New York Stock Exchange (NYSE) and since then has steadily accumulated assets. For the 12-month period as of September 18, the fund returned 50 percent. “GOAU has experienced 490 percent growth in assets through the two-year period from September 2017 through September 2019 and a 1,937 percent growth rate in daily trading volume. Our gold equity ETF’s quant approach has contributed to its impressive performance, and we’re thrilled that it now qualifies for investment by both RIAs and brokers on the LPL and Stifel platforms,” Frank Holmes, CEO and chief investment officer of U.S. Global Investors, said. “Meanwhile, many central banks and high-profile hedge funds have been increasing their exposure to the yellow metal as governments worldwide drop interest rates to zero to stimulate their economies.” The fund is distinct for placing special emphasis on North American royalty and streaming companies. The three major players dominating the royalty space right now are Franco-Nevada, Wheaton Precious Metals and Royal Gold. Together, these three companies account for 30 percent of GOAU’s holdings. Daily trading volume for GOAU has also been gaining strong momentum over the summer, pointing to increased investor interest. On September 6, for example, the number of GOAU shares traded totaled more than 311,000 – a new record for the ETF. Investor demand for gold bullion and gold mining ETFs has increased in 2019 on global concerns over negative-yielding bonds and a potential economic slowdown. As of August, the yellow metal delivered five straight months of positive gains, a feat unseen since 2010. 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, U.S. Global ETFs and other internatio...