LIMA – U.S. World Buyers, Inc., a seasoned funding advisory agency, has expanded its footprint within the Peruvian monetary market with the itemizing of its gold mining and royalty exchange-traded fund (ETF), GOAU, on the Lima Inventory Change. The launch was introduced by CEO Frank Holmes on Wednesday, who underscored the strategic nature of the transfer, given Peru’s prominence as Latin America’s prime gold producer and its mining sector’s substantial contribution to the nation’s GDP.
The choice to listing GOAU in Peru follows the agency’s profitable introduction of the Jets ETF on the Lima alternate in December 2020. GOAU’s quantitative mannequin is designed to pick out shares primarily based on monetary stability and return on funding standards, providing Peruvian buyers specialised entry to gold mining firms and royalty firms. The fund particularly aligns with important gamers within the business, comparable to Franco-Nevada and Wheaton Valuable Metals (NYSE:), which have operations in Peru.
Along with this strategic growth, U.S. World Buyers has been actively managing its share repurchase program. In November 2023, the corporate considerably accelerated its efforts by buying 44,757 shares for $128,000 — an 80% enhance from purchases made in the identical month of the earlier yr.
The latest developments mirror U.S. World Buyers’ dedication to offering revolutionary funding options throughout varied asset courses, together with digital property.
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