Frank Holmes: What’s Moving Markets
Jason Burack of Wall St. for Main St. talks with Frank Holmes to gather his insights on where markets are moving right now — both domestically and globally. The discussion begins with China’s slowing economy, shifts to the effects of a declining oil price and ends with a discussion on what’s driving gold right now.
Frank goes into detail about what is moving each of these markets and discusses the importance of diversification – noting the family of funds offered at U.S. Global Investors as one place to look when allocating a portfolio.
Jason Burack mentions a recent Frank Talk post about oil prices during the interview. Check it out for yourself: Are Oil Prices Ready to Break out of the Trough?
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
Morningstar ratings based on risk-adjusted return and number of funds
Category: Municipal National Short-term funds
Bond funds are subject to interest-rate risk; their value declines as interest rates rise. Though the Near-Term Tax Free Fund seeks minimal fluctuations in share price, it is subject to the risk that the credit quality of a portfolio holding could decline, as well as risk related to changes in the economic conditions of a state, region or issuer. These risks could cause the fund’s share price to decline. Tax-exempt income is federal income tax free. A portion of this income may be subject to state and local taxes and at times the alternative minimum tax. The Near-Term Tax Free Fund may invest up to 20% of its assets in securities that pay taxable interest. Income or fund distributions attributable to capital gains are usually subject to both state and federal income taxes. Unlike bank savings accounts, an investment in a bond fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Stock markets can be volatile and share prices can fluctuate in response to sector-related and other risks as described in the fund prospectus. 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. Because the Global Resources Fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
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. The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Morningstar Ratings are based on risk-adjusted return. The Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance does not guarantee future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the All American Equity Fund, China Region Fund, Global Resources Fund, Gold and Precious Metals Fund, Holmes Macro Trends Fund, Near-Term Tax Free Fund and World Precious Minerals Fund as a percentage of net assets as of 09/30/2014: Barrick Gold Corp 0.00%, Franco- Nevada Corp (All American Equity Fund 1.27%, Gold and Precious Metals Fund 6.44%, Holmes Macro Trends Fund 1.47%, World Precious Minerals Fund 1.16%), Goldcorp Inc. (Gold and Precious Metals Fund 1.07%), Lucara Diamond Corp (Gold and Precious Metals Fund 1.07%, World Precious Minerals Fund 1.58%), Lundin Mining Corp (Gold and Precious Metals Fund 1.31%, World Precious Minerals Fund 0.58%), Market Vectors Junior Gold Mines ETF (Gold and Precious Metals Fund 0.16%, World Precious Minerals Fund 0.17%), Newmont Mining Corp (Gold and Precious Metals Fund 1.11%, World Precious Minerals Fund 0.26%), Royal Gold Inc. (All American Equity Fund 0.98%, Gold and Precious Metals Fund 3.44%, Holmes Macro Trends Fund 0.98%, World and Precious Minerals Fund 1.01%), Silver Wheaton Corp (Gold and Precious Metals Fund 1.10%, World Precious Minerals Fund 0.35%), Tiffany & Co (Gold and Precious Metals Fund 0.44%), Wal-Mart 0.00%.
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.
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