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US Global Investors Global Resources Fund
Interview with: Frank Holmes

Author: Dave Jennings
Last Update: , :
A self-described quantitative analyst, U.S. Global Investors CEO and CIO Frank Holmes combines a data and event driven view of the world with the ability to rapidly adjust to change.That has helped shareholders' portfolios to achieve net gains in the past four years of topsy-turvy stock markets.

US Global Investors Global Resources Fund

A: By diversifying with low co-related assets such as our tax-free bond funds, natural resources and gold, you have the ability to manage price risks of markets much better. I think more RIAs - your readers - are bewildered because the global equity meltdown has impacted all equities except for natural resources and bonds. I'm a good believer in deflation not inflation. I'm a big believer that people should look at tax-free securities. We've done a study on tax free-. Our near-term tax-free fund has very little volatility. It hardly moves. But the yield is double the money market funds and more than double on a tax equivalent basis.

Q: Is there anything else about U.S. Global that should interest TICKER readers?

A: You know that we're public. Our largest shareholder is Royce Funds. Chuck Royce owns 15% of us. Ever since 9/11, they put ten percent of their assets into gold stocks. We have some very sophisticated investors like Paul Stephens of Robertson-Stephens. He owns five percent of the company. They're all doing it based on the leverage to gold.

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