That fund was established by US Global Investors, Inc, a US based funds management company. Its main shareholder and CEO is Frank Holmes who does a lot of promotion for his management products and gold. He is often appears at mining industry conferences, writes articles (probably prepared by his minions) that appear in various websites and gets interviewed a lot about the state of the gold sector.
Holmes keeps mentioning that his gold mining ETF has been outperforming other such ETFs.
"U.S. Global Investors, Inc. is an innovative investment manager with vast experience in global markets and specialized sectors. Founded as an investment club, the company became a registered investment adviser in 1968 and has a longstanding history of global investing and launching first-of-their kind investment products. U.S. Global Investors is well known for expertise in gold and precious metals, natural resources and emerging markets.
Since 1989, U.S. Global Investors has been led by CEO Frank Holmes, who purchased a controlling interest in the company that same year. U.S. Global Investors is a publicly traded company (NASDAQ symbol: GROW) headquartered in San Antonio, Texas."
loki
AQG Price at posting:
$2.54 Sentiment: None Disclosure: Held
