U.S. Global Investors, a boutique registered investment advisor, plans to stick to its knitting, developing mutual funds that specialize in natural resources and emerging markets despite the overwhelming trend toward exchange-traded funds that would require the company to make acquisitions.
The San Antonio-based company’s assets under management rose 25.1% from a year earlier to $2.66 billion in its fiscal second quarter, which ended Dec. 31, but this trailed the 39% average annual growth in assets for its industry peers, including BlackRock Inc. [BLK], Affiliated Managers Group [AMG], Calamos Asset Management, Cohen & Steers, Federated Investors Inc. [FII], Franklin Resources [BEN], Invesco, Janus Capital Group [JNS], Legg Mason [LM], T. Rowe Price [TROW] and Waddell & Reed.
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