The decision to list GOAU in Peru follows the firm’s successful introduction of 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, offering Peruvian investors specialized access to gold mining companies and royalty companies. The fund specifically aligns with significant players in the industry, such as Franco-Nevada and Wheaton Precious Metals (NYSE:WPM), 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 acquiring 44,757 shares for $128,000 — an 80% increase from purchases made in the same month of the previous year.
The recent developments reflect U.S. Global Investors’ commitment to providing innovative investment solutions across various asset classes, including digital assets.
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Source: Cryptocurrency - investing.com
