U.S. Global Investors Funds To Pay Year-End Distributions
U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique investment adviser specializing in natural resources and emerging markets, announces that five of the mutual funds it manages will pay 2010 income dividend and long-term capital gains distributions.
“Our gold, resources and emerging market funds have once again had a strong year in terms of generating returns for investors,” says Frank Holmes, U.S. Global’s CEO and chief investment officer. “The Global Resources Fund (PSPFX) had a year-to-date return of more than 25 percent as of November 30, and the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX) had returns of 39 percent and 33 percent, respectively, over the same time period. In comparison, the S&P 500 had only risen 7.86 percent for the same period.”
This continues a trend of strong performance that our active investment approach has achieved over the past decade. Since 2000, U.S. Global funds have won 27 fund awards and performance achievement certificates from Lipper.
“It’s important for investors to recognize the power of diversification into natural resources and emerging markets,” Holmes says. “Research from Roger Gibson, the best-selling author of Asset Allocation: Balancing Financial Risk, shows that $1 invested in 1971 is worth $51.79 if it was split 50-50 among U.S. stocks and commodity-linked securities if rebalanced each year. If invested solely in one or the other, that dollar is only worth $36.26 or $32.07, respectively.”The record date was December 9, 2010, and the ex-dividend and payable date is December 10, 2010. Shareholders should be aware that the distributions of dividends and/or capital gains have reduced each fund’s net asset value (NAV) by the amount of the distribution. Market activity may also have impacted a fund’s NAV on the ex-dividend date, so the total change in a fund’s NAV may be more or less than its distribution.
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