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About the Emerging Europe Fund

The Emerging Europe Fund focuses on a region that shares the same continent as the established economies of western Europe, but has more in common with other emerging markets around the world. Many countries across emerging Europe are rich in resources, have strong banking sectors, healthy economies and lower debt levels than their western neighbors. The fund pursues opportunities tied to the economic growth of these countries, as many are making great strides toward meeting the European Union’s standards. Turkey presents a great growth story, with its young, growing population, entrepreneurial mindset and pro-business policies. Several countries in emerging Europe, such as Greece, also stand to benefit from the European economic recovery.

Fund Objective

The Emerging Europe Fund seeks long-term growth of capital by investing in the Eastern Europe region.

Fund Strategy

The fund invests in dynamic companies in the Eastern European region including the Czech Republic, Greece, Hungary, Poland, Russia, Turkey and other countries of the region.

The fund evaluates each of these countries’ strengths based on currency rates, GDP growth, interest rates and political stability.

The fund’s benchmark is the MSCI EM Europe 10/40 Index.

Read more about U.S. Global Investors’ investment process

The MSCI Emerging Markets Europe 10/40 Index (Net Total Return) is a free float-adjusted market capitalization index that is designed to measure equity performance in the emerging market countries of Europe (Czech Republic, Hungary, Poland, Russia, and Turkey). The index is calculated on a net return basis (i.e., reflects the minimum possible dividend reinvestment after deduction of the maximum rate withholding tax). The index is periodically rebalanced relative to the constituents' weights in the parent index.

Net Asset Value
as of 07/31/2014

Global Resources Fund PSPFX $9.92 -0.19 Gold and Precious Metals Fund USERX $7.44 -0.21 World Precious Minerals Fund UNWPX $7.07 -0.16 China Region Fund USCOX $8.29 -0.06 Emerging Europe Fund EUROX $8.04 -0.18 All American Equity Fund GBTFX $32.55 -0.63 Holmes Macro Trends Fund MEGAX $23.47 -0.51 Near-Term Tax Free Fund NEARX $2.25 -0.01 U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change