ASA Gold and Precious Metals Limited, ASA Gold and Precious Metals Limited (NYSE:ASA) was founded in 1958, is headquartered in San Mateo, California, and has offices in Buffalo, New York. It is an investment management company.
ASA Gold and Precious Metals Limited (ASA):
ASA Gold and Precious Metals Limited invests in the global public stock market, mainly investing in the stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals.
ASA Gold and Precious Metals Limited uses fundamental analysis, focusing on bottom-up research for investment. The company’s basic policy requires that at least 80% of the company’s assets must:
1. Investing in common stocks or securities convertible into common stocks of companies directly or indirectly engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals;
2. Invest in physical gold bars (silver bars, platinum) or other direct forms of gold, silver, platinum or other precious minerals;
3. Invest in products representing the rights and interests of gold, silver, platinum or other precious minerals (such as certificates of deposit);
4. Securities invested in investment companies, including exchange-traded funds or other securities seeking to replicate the price trends of gold, silver or platinum bullion.
ASA Gold and Precious Metals Limited (ASA) History:
The company was established in 1958 as American-South African Investment Company, Limited. It was a South African company. Initially, ASA’s investment policy required it to only invest in South African companies. In 1969, shareholders approved a proposal to allow the company to be outside South Africa. Invest up to 20% of assets.
In 2004, due to changes in South Africa’s tax laws, which would adversely affect ASA and its shareholders, the company changed its place of registration to Bermuda. Soon thereafter, in 2005, shareholders approved changes to the company’s investment policy to allow the company to invest in its assets on a global scale without geographical restrictions.
Today, ASA Gold and Precious Metals Co., Ltd. is a professionally managed, globally diversified, closed investment company for precious minerals. The company has been registered with the US Securities and Exchange Commission, and its shares are listed on the New York Stock Exchange under the stock code “ASA”.