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Thursday, July 19, 2007

Texas Asset Manager Lands on Russell 2000

News summary by MFWire's editors

U.S. Global Investors has made it to the Russell 2000 Index. The San Antonio, Texas-based firm is also a new component of the Russell 2000 Growth Index, which focuses on firms in the Russell 2000 with long-term growth forecasts for stock valuation and earnings per share that are significantly above the index average.


SAN ANTONIO--(BUSINESS WIRE)--U.S. Global Investors, Inc. (NASDAQ:GROW), a boutique investment advisory company specializing in natural resources and emerging markets, has been named a member of the Russell 2000 Index.

The index, comprising 2,000 publicly traded companies, is a prominent yardstick used to identify investment opportunities and measure performance in the small-capitalization segment of the U.S. stock market for both active and passive investors.

U.S. Global is also a new component of the Russell 2000 Growth Index, which focuses on companies in the Russell 2000 with long-term growth forecasts for stock valuation and earnings per share that are significantly above the index average.

“The growth we’ve enjoyed is based largely on the strong long-term performance of our funds in natural resources and emerging markets,” says Frank Holmes, CEO and chief investment officer.

“Our investment processes at U.S. Global are driving the exceptional performance of our funds, particularly when compared to similar indexes, and this has attracted new assets.”

Companies in the Russell 2000 represent approximately 10 percent of the investable U.S. equity market. Market caps for companies in the Russell 2000 range from $3.3 billion to $125 million, with a median of $695 million, according to the Russell Investment Group web site. U.S. Global had a market cap of nearly $380 million as of July 18, 2007.

“We have identified three large and distinct communities of GROW shareholders,” Mr. Holmes says. “Those who buy the stock for exposure to emerging markets and resources, those who follow the Investors Business Daily approach of buying shares demonstrating strong earnings momentum, and now index and ETF investors are buying GROW indirectly because it’s in the Russell 2000.”

According to figures from Russell, the companies in the Russell 2000 Index have outperformed the Russell 1000 Index, representing large-cap stocks, by an annualized average of 2.55 percent over the five years ending June 30, 2007.

Four of the nine equity funds managed by U.S. Global were among the top-performing mutual funds in the industry rankings published earlier this month in the Wall Street Journal.

The China Region Opportunity Fund (USCOX) ranked #35 in total return among all U.S. mutual funds for the three-month period ending June 30, 2007, according to the WSJ’s quarterly fund report.

The company’s Eastern European Fund (EUROX) ranked #5 among all funds in total return for the five years ending June 30, 2007, and it was in the top 10 overall over the latest 10-year period.

The Global Resources Fund (PSPFX) ranked #13 among all funds in total return for the five years ending June 30, 2007, and in the top 60 for the latest 10-year period. The World Precious Minerals Fund (UNWPX) ranked #54 over the latest five-year measure. 

Edited by: Carl Winfield


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