U.S. Global Investors, Inc., a boutique registered investment advisory firm, has recorded losses of $868,000 (USD) on operating revenues of $1.6m (USD) for the quarter that ended on September 30 2015. This is almost six times more than the previous year’s losses.
However, the Texas-based company isn’t planning on letting this hinder them with plans to grow further by rolling out a dynamic ETF product line in Canada. During 2016’s first quarter, the company
intends to put this plan into action as well as looking to add separately managed account capabilities in the future.
Frank Holmes, CEO of U.S. Global Investors, Inc. said: "U.S. Global is an innovative investment manager with a longstanding history of developing first-of-their-kind investment products. We will build upon our expertise as active managers in the resource and emerging markets sectors to create robust, rules-based smart-beta ETFs that leverage our knowledge and understanding of the factors that can identify stocks with long-term growth potential."
The company, which has five STAR awards from the Mutual Fund Education Alliance, puts revenue loss down to ‘the prolonged bear market’ in areas such as emerging markets, gold and natural resources but is continuing to grow.
Holmes said: “Our lean and reflexive cost structure has helped us weather this persistent storm and we are transforming our operations and product line to be more resilient, competitive and successful."