BNN Asks Tim Steinle About Russia
Russia is a tough market to love and an easier market to hate, says Tim Steinle, portfolio manager of the Emerging Europe Fund (EUROX). Still, there are plenty of reasons for investors to look closer at the country, as there are opportunities that don’t exist elsewhere in the world. In this segment of Canadian Business News Network’s “Top One: Emerging Markets” show, Tim talks about a few of these opportunities.
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Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio. The Emerging Europe Fund invests more than 25% of its investments in companies principally engaged in the oil & gas or banking industries. The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which do not concentrate their investments in an industry and may make the fund’s performance more volatile.
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content. Diversification does not protect an investor from market risks and does not assure a profit. Holdings in the Emerging Europe Fund as a percentage of net assets as of 6/30/13: Facebook, 0.00%; Gazprom, 3.06%; Mail.ru Group, 2.19%; NovaTek, 3.51%; Tencent, 0.00%; Yandex, 3.50%