U.S. Global Investors’ Holmes Macro Trends Fund (MEGAX) Is Now the Global Luxury Goods Fund (USLUX)
06 July 2020 - 11:48PM
U.S. Global Investors, Inc. (Nasdaq: GROW) (“the Company”), a
boutique registered investment advisory firm specializing in gold
and precious metals, natural resources and emerging markets, is
pleased to announce that it has recently changed the name and
strategy of its Holmes Macro Trends Fund (MEGAX). Effective July 1,
2020, it is now the Global Luxury Goods Fund, ticker symbol
USLUX.
USLUX provides investors access to companies around the world
that are involved in the design, manufacture and sale of products
and services that are not considered to be essential but are highly
desired within a culture of society. Such companies have
historically seen their sales grow faster on an annual basis than
both consumers’ disposable income and sales of basic household
products. That was the case in every year from 2010 to 2019, with
the one exception in 2015.
Investments in luxury goods companies may expose the fund to
consumer discretionary industries. These include but are not
limited to apparel, automotive, home and office products, leisure
products, recreation facilities, retail discretionary, travel and
more.
The fund’s benchmark is the S&P Global Luxury
Index.
To learn more about USLUX, please visit the fund page by
clicking here.
####
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
international clients.
Forward-Looking Statements and Disclosure
Please consider carefully a fund’s investment objectives, risks,
charges and expenses. For this and other important information,
obtain a fund prospectus by visiting www.usfunds.com vor
by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully
before investing. Foreside Fund Services, LLC, Distributor. U.S.
Global Investors is the investment adviser.
Stock markets can be volatile and share prices can fluctuate in
response to sector-related and other risks as described in the fund
prospectus. Foreign and emerging market investing involves special
risks such as currency fluctuation and less public disclosure, as
well as economic and political risk. Companies in the consumer
discretionary sector are subject to risks associated with
fluctuations in the performance of domestic and international
economies, interest rate changes, increased competition and
consumer confidence.
The S&P Global Luxury Index is comprised of 80 of the
largest publicly-traded companies engaged in the production or
distribution of luxury goods or the provision of luxury services
that meet specific investibility requirements. The S&P 500
Consumer Staples Index comprises those companies included in the
S&P 500 that are classified as members of the GICS consumer
staples sector.
Disposable income, also known as disposable personal income
(DPI), is the amount of money that households have available for
spending and saving after income taxes have been accounted for.
Disposable personal income is often monitored as one of the many
key economic indicators used to gauge the overall state of the
economy.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From Apr 2024 to May 2024
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From May 2023 to May 2024