In Greece, Pay Attention to Banks and the Bond Sale
Date Posted: May 1, 2014
Read time: 2 min
Frank Holmes and Portfolio Manager Tim Steinle talk with Wall St. Daily’s Robert Williams about the country that has recently made a comeback in the emerging markets space – Greece.
Frank and Tim comment on the significance of Greece’s return to the bond market after four years, and how the expectation for economic growth in the country is ultimately changing its lending landscape. The banks in Greece have also recapitalized, consolidating to four major names.
Listen to the interview now to hear which of these bank names have recently been added to the U.S. Global Investors Emerging Europe Fund (EUROX) and to hear the full discussion on why Greece is demanding the market’s attention.
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.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Emerging Europe Fund as a percentage of net assets as of 03/31/14: Alpha Bank AE 1.98%, Piraeus Bank SA 2.34%.
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.
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.
