The shares became available on March 1 for institutional investors in the World Precious Minerals Fund, which invests primarily in junior and mid-tier gold and precious metals exploration companies; the Global Resources Fund, which invests in natural resources equities; and the Global MegaTrends Fund, whose strategy is to invest in equities benefiting from the dramatic increase in infrastructure development around the world. According to a press release, the tickers for the institutional share class of the funds are UNWIX, PIPFX, and MEGIX, respectively, and the minimum investment in this share class is $5 million.
The announcement said the World Precious Minerals Fund was first in total return among all U.S. gold-oriented mutual funds and exchange-traded funds for the year ended December 31, 2009, and the Global Resources Fund won Lipper Fund Awards for consistent return in the four straight years from 2005 to 2008.
“Institutions are embracing natural resources and precious metals as an important part of a diversified portfolio, and they are expressing more interest in our award-winning investment strategies,” said Frank Holmes, CEO and Chief Investment Officer for U.S. Global Investors, in the announcement. “Pension plans, endowments, foundations and other institutional clients value that we are unique, and it was important for us to recognize that they have unique business needs. In bringing out the institutional share class, we are being responsive to those needs.”
The firm communicates with institutional investors via its weekly Advisor Alert.
For more information, contact Michael Dunn, Director of Institutional Services, at 210-308-1287 or email@example.com.