Unusual Split in Tax-Free Fund at U.S. Global Investors

Fine, Jacob
January 2005
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p6
Trade Publication
This article reports that San Antonio-based U.S. Global Investors Inc. earlier this month instituted a highly unusual five-for-one share split of its tiny $20 million Near-Term Tax-Free Fund lo lower the volatility of its net asset value. By having created so many new shares through the split, shifts in bond prices will have a more spread out impact on its shares, enabling the fund to maintain a more stable NAV as it continues to invest in short-to-intermediate term bonds. The idea for the split was first hatched by the firm a few years ago as a way to offer investors an alternative to money market funds that could still generate higher returns.


Related Articles

  • Indexes Fall as Investors Shift From War to Economic Data. Smith, Aaron T. // Bond Buyer;4/17/2003, Vol. 344 Issue 31617, p5 

    The yield indexes of 'Bond Buyer' were all lower in the week of May 14, 2003, as investors shifted their focus from the war in Iraq to the health of the economy. On May 13, Treasuries and equities made gains, and municipal yields fell two to three basis points. Treasury prices rose while...

  • Financial Variables Having Significant Impact on Market Price of Shares. Haque, Md. Reiazul; Datta, Rony Kumar; Dey, Rajib; Rahman, Md. Mostafizur // Research Journal of Finance & Accounting;2013, Vol. 4 Issue 15, p76 

    The purpose of investment by investors in the capital market is to seek profit either in the form of dividend or capital gain and increase wealth. Therefore, before making an investment, it is imperative to the investors to familiarize with the company's fundamental status and performance...

  • Investors Flee Badly Performing Mutual Funds.  // Money Management Executive;11/3/2008, Vol. 16 Issue 42, p5 

    The article focuses on the result of survey conducted by TrimTabs Investment Research on mutual fund companies and the impact of financial crisis to them. According to TrimTabs Investment Research, in September 2008 alone, after a 27% average decline in the U.S. diversified stock funds, the U.S....

  • Does Price Matter? Carlson, Charles B. // DRIP Investor;Jun2011, Vol. 20 Issue 6, p8 

    The article offers the author's insight on the issue whether it is better to purchase a five-dollar stock or a 500-dollar stock in the U.S. He attributes investors' confusion of price to the effect of their shares. He explains that investors who focus on the absolute price of the stock tend to...

  • Quick Fix for the Long Run.  // National Review;3/10/1989, Vol. 41 Issue 4, p14 

    The article discusses the efforts of the U.S. Department of the Treasury to get businessmen and investors to take a long-term view with stocks. Treasury Secretary Nicholas Brady seems obsessed with getting businessmen and investors to take a long-term view. A Treasury task force has reportedly...

  • Uncle Sam wants you. Klerk, Vic de // Finweek;4/21/2011, p38 

    The article reports on the future prospects for U.S. stocks especially those of Microsoft Corp. The investment community in South Africa was advised to buy U.S. shares and the most important argument provided was that the valuation of U.S. shares are much more attractive than those on the...

  • Picking Winners is a Losing Game. Koski, Julian // Investment Advisor;Feb2012, Vol. 32 Issue 2, p76 

    The article offers the author's perspectives in choosing the appropriate stocks to invest in the U.S. He states that instead of thinking too much of the stock's future and its intrinsic value, investors should analyze the stock price. He adds that investors can avoid a bad choice by avoiding...

  • A Third Bailout for Citi Sends Bank Shares Tumbling. Kuehner-Hebert, Katie // American Banker;3/2/2009, Vol. 174 Issue 40, p15 

    The author reports on the impact that the decision by the U.S. government to give Citigroup Inc. a third infusion of cash had on bank stocks. The impact that a decision by investors of Citigroup to convert their preferred stock shares to common stock shares had on the price of the company's...

  • Banking Shares Fall; Schwab Downgraded. Rieker, Matthias // American Banker;1/4/2005, Vol. 170 Issue 2, p19 

    This article reports on the performance of bank stocks as of January 4, 2005. Bank stocks underperformed a falling market Monday as mixed economic figures were released. Stocks enjoyed a brief upswing in morning trading but quickly turned, and banks were among the groups hardest hit. The...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics