Lipper Review Reveals Good Results From US Global Investors Inc

by Phillip Morton, Investors Offshore.com

14 April 2003

Barron's Lipper Mutual Fund Quarterly survey has revealed one of the top performing funds was the US Global investors Inc, a registered investment advisory fund with some $1.1 billion under management.

The fund showed some impressive results in the first quarter and was ranked first out of 80 funds in the Natural Resources category and first out of 78 funds for the year ending March 31. This was backed up by further impressive results in the Gold Oriented category, with Global Investors achieving top spot from 43 funds in addition to attaining first place in the Near Term Tax Free Debt Fund, ending the quarter atop the 34 funds.

Good results were also recorded in the All American Equity Fund, Eastern European Fund, Mega Trends Fund and US Government Securities Savings Fund with Global being consistently placed in the top twenty.

"Although the time frame was only three months, we believe our disciplined investment process successfully guided us through a very challenging quarter driven by uncertainties surrounding the war in Iraq," said Frank Holmes, chief of US Global Investors Inc of the fund's impressive returns.

US Global Investors Inc is headquartered in San Antonio, Texas, and specialises in profitable niche markets around the world. It consists of 12 no-load mutual funds which invest in a variety of financial instruments from money markets to emerging markets.

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