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U.S. Global Investors' New Global Emerging Markets Fund Surpasses $5 Million in Assets.

SAN ANTONIO -- Fund Run With Same Models, Systems, Passion and Enthusiasm as the Eastern European Fund (EUROX)

U.S. Global Investors Inc. (NASDAQ:GROW) is excited to announce its Global Emerging Markets Fund (CUSIP:90330L501) has surpassed $5 million in assets under management since its initial launch on Thursday, February 24, 2005.

"When you have such great intellectual capital, it is easy to understand why investors are moving money into the Global Emerging Markets Fund," says Chief Investment Officer Frank Holmes. "Naturally, everyone knows that past performance is no guarantee of future results. However, the fund's managers have an outstanding track record and will be using the same models, systems, passion and enthusiasm they use in managing the Eastern European Fund (EUROX)."

The objective of the Global Emerging Markets Fund is to seek long-term capital growth through investments in emerging markets including, but not limited to: Hungary, Czech Republic, Mexico, South Africa, Poland, Chile, Israel, Korea, Taiwan and Malaysia.

"Lower price-to-earnings ratios, lower book values, higher dividend yields and a declining dollar are driving the performance of investments in emerging markets," says Holmes. "The Global Emerging Markets Fund complements our existing fund lineup of unique asset classes."

The Global Emerging Markets Fund is modeled on Charlemagne Capital's Magna Global Emerging Markets Fund, which is available only to investors in Europe.

Background

U.S. Global Investors Eastern European Fund (EUROX) recently received the designation of "12-Month Winner" in the January 6, 2005 issue of the Wall Street Journal. The article is at http://webreprints.djreprints.com/1153810311836.html. The Eastern European Fund's total annualized returns for the 1-year, 3-year, 5-year and since inception periods are 52.37%, 48.98%, 25.41% and 17.00%, respectively, as of December 31, 2004. The inception date is March 31, 1997.

About U.S. Global Investors Inc.

U.S. Global Investors Inc. is a registered investment adviser with a focus on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and U.S. Global Accolade Funds. With more than $2.1 billion under management, the groups consist of 13 no-load mutual funds that invest in a variety of investment options, from emerging markets to money markets. In general, asset flow is the critical driver of revenue and earnings trends.

Please consider carefully the 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 800-US-FUNDS (800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage Inc.

Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. You may obtain performance data current to the most recent month end by visiting www.usfunds.com or by calling 800-US-FUNDS, option 5.

Please keep in mind that high double-digit and triple-digit returns are highly unusual and cannot be sustained. Recent returns were achieved during favorable market conditions, especially within the emerging markets sector.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.
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Publication:Business Wire
Date:Mar 1, 2005
Words:567
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