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LIMA – U.S. International Buyers, Inc., a seasoned funding advisory agency, has expanded its footprint within the Peruvian monetary market with the itemizing of its gold mining and royalty exchange-traded fund (ETF), GOAU, on the Lima Inventory Trade. The launch was introduced by CEO Frank Holmes on Wednesday, who underscored the strategic nature of the transfer, given Peru’s prominence as Latin America’s prime gold producer and its mining sector’s substantial contribution to the nation’s GDP.
The choice to record GOAU in Peru follows the agency’s profitable introduction of the Jets ETF on the Lima trade in December 2020. GOAU’s quantitative mannequin is designed to pick shares based mostly on monetary stability and return on funding standards, providing Peruvian traders specialised entry to gold mining corporations and royalty corporations. The fund particularly aligns with important gamers within the trade, reminiscent of Franco-Nevada and Wheaton Treasured Metals (NYSE:), which have operations in Peru.
Along with this strategic enlargement, U.S. International Buyers has been actively managing its share repurchase program. In November 2023, the corporate considerably accelerated its efforts by buying 44,757 shares for $128,000 — an 80% improve from purchases made in the identical month of the earlier yr.
The current developments replicate U.S. International Buyers’ dedication to offering progressive funding options throughout numerous asset courses, together with digital belongings.
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