Bloomberg reports that despite gold losing its luster in July of this year, U.S. Global Investors hopes it can bring back that shine with the launch of its smart beta ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU). The fund listed on the New York Stock Exchange on June 28, and holds both royalty and streaming companies in addition to gold miners and producers, the article continues.
Frank Holmes, CEO and chief investment officer of U.S. Global Investors, also notes that the investment strategy behind the fund is to consider companies not just on size, but by fundamental factors such as revenue per employee. Holmes calls this the “quant” approach.
To read the full article, “U.S. Global’s New Gold ETF Brings a Quant’s Approach to the Metal,” go to Bloomberg.com.
U.S. Global Investors has authored and is responsible for the summary on this page.
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Smart beta refers to investment strategies that emphasize the use of alternative weighting schemes to traditional market capitalization based indices.