MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 16, 2017 A $5 Billion ETF Shop Enters the Traditional Fund Biz Is the traditional mutual fund dead? Not according to John Love, president and CEO of Oakland, California-based USCF Investments.
Today, the firm's product suite includes thirteen '33 act ETFs, including eleven commodity ETFs, eight of which are single-commodity ETFs, and two equity ETFs. One of the firm's biggest funds is its United States Commodity Index Fund, and Love says that investors started asking for a mutual fund version of the strategy. "I don't think mutual funds are going away ... Even if business continues to shift over to ETFs, you're still going to have interest in mutual funds as much as I can foresee," explains Love. The firm will launch the USCF Commodity Strategy Fund (previously referred to as the United States Commodity Fund) in collaboration with SummerHaven Index Management LLC, a Stamford, Connecticut-based commodity index provider. The fund will seek to track the SummerHaven Dynamic Commodity Index (SDCI). USCF Investments and Summerhaven collaborate on three other products: the United States Copper Index Fund, the United States Agriculture Index Fund, and the United States Commodity Index Fund, which also uses the SDCI as a benchmark. SummerHaven will manage the commodity investments and serve as the sub-advisor to the fund. Printed from: MFWire.com/story.asp?s=55909 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
