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Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

Emerging European Markets Ended 2017 up 20 Percent

January 9, 2018

Due to a declining U.S. dollar and a rising purchasing manager’s index (PMI), emerging European markets grew more than 20 percent in 2017. The Czech Republic, Hungary, Poland, Turkey, Greece and Russia all had a PMI reading over 50 for December 2017, which Frank Holmes sees as a positive indicator for these economies moving into the New Year.  Frank also discusses Poland’s recent upgrade to developed economy status and the possible implications this could have on the Eastern Europe region.

For Frank’s full explanation, watch the video below!

For more on Emerging Europe’s growth, read Frank’s latest blog post 2018 Could be Another Knockout Year for Emerging Europe.

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

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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.

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Net Asset Value
as of 04/06/2020

Global Resources Fund PSPFX $3.18 0.15 Gold and Precious Metals Fund USERX $7.55 0.45 World Precious Minerals Fund UNWPX $2.43 0.15 China Region Fund USCOX $7.88 0.20 Emerging Europe Fund EUROX $5.09 0.14 All American Equity Fund GBTFX $19.65 0.92 Holmes Macro Trends Fund MEGAX $12.78 0.53 Near-Term Tax Free Fund NEARX $2.21 0.01 U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change