[GRAPHIC: U.S. GLOBAL INVESTORS, INC. LOGO]
CHINA REGION OPPORTUNITY FUND
12/12/96
WHAT'S THE LATEST NEWS IN CHINA?
The "B" share markets on both the Shanghai and Shenzhen stock exchanges in
mainland China have jumped to higher levels. The Chinese domestic investors now
have less restrictions on buying into the "B" share markets. Historically, the
"A" share markets have only been available for Chinese domestic investors where
as the "B" share markets have only been available to foreign investors. "B"
shares have recently traded at a huge discount to the "A" shares and now have
drawn the interests of many Chinese domestic investors.
BIN SHI, portfolio manager of the China Region Opportunity Fund* (USCOX), feels
the "B" share markets are still trading at a 75% discount to the "A" share
markets and have potential for more gains.
FUND NEWS:
The CHINA REGION OPPORTUNITY FUND, the first no-load China fund in the nation,
has one of the largest allocation of Chinese stocks. The fund has approximately
30% of the fund's holdings in the Shanghai and Shenzhen stock exchanges, 17% in
Chinese companies traded in Hong Kong and New York, and a 35% allocation to Hong
Kong companies.
The fund has been one of the top performers in recent months:
TOTAL RETURN -------AVERAGE ANNUAL TOTAL RETURNS**------
YEAR TO DATE* 1 YEAR SINCE INCEPTION (2/10/94)
------------- ------ -------------------------
33.44% 33.4% -6.31%
**As of 12/10/96
For additional information on the China Region Opportunity Fund and Bin Shi, the
portfolio manager, pleased contact a Financial Advisor Service Team (F.A.S.T.)
member at (800) 873-3639 or by fax at (210) 308-1217 or by email at
[email protected].
*CALL (800) 873-3639 FOR A FREE PROSPECTUS CONTAIN FEES AND EXPENSES. READ THE
PROSPECTUS CAREFULLY BEFORE INVESTING. INVESTMENT RETURNS AND PRINCIPAL VALUE
MAY VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. PAST PERFORMANCE
IS NO GUARANTEE OF FUTURE RESULTS.
................................................................................
7900 Callaghan Road
Mail Address: P. O. Box 29467
San Antonio, Texas 78229-0467
Tel 210-308-1234
1-800-US-FUNDS
Fax 210-308-1223
email [email protected]
