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USCF launches two new funds
Other - JANUARY 9, 2018

USCF launches two new funds

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USCF has launched two new funds that make investing in private equity strategies available to investors of all budgets.

The USCF SummerHaven SHPEI Index Fund (NYSE Arca: BUY) and the USCF SummerHaven SHPEN Index Fund (NYSE Arca: BUYN) seek to track newly developed indexes that are based on the research of Harvard Business School Professor, Erik Stafford.

"With BUY and BUYN, investors can access the type of strategy that historically has been offered by private equity firms to a more limited group of investors in higher cost vehicles,” said John Love, president and CEO of USCF.  “USCF is an ETF innovator in alternative asset classes.  We introduced crude oil and other commodity investments to the ETF landscape.  Now, we have developed ETFs that increase access for investors to returns intended to be similar to those of private equity strategies - another alternative asset class that traditionally has been unavailable to retail investors. BUY and BUYN – provide investors with a new way to diversify along with the liquidity, efficiency, and cost benefits attributable to ETFs.”

Stamford based, SummerHaven Index Management, has designed the two new indexes based on the Stafford’s 2017 paper Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting which suggests that an investor is able to reproduce private equity returns by carefully choosing a portfolio of publicly-traded equities that possess characteristics similar to the companies that private equity firms are likely to select for investment.

SummerHaven and USCF currently collaborate on three exchange traded products and one mutual fund:  the United States Copper Index Fund (NYSE Arca: CPER), the United States Agriculture Index Fund (NYSE Arca: USAG), United States Commodity Index Fund (NYSE Arca: USCI) and the USCF Commodity Strategy Fund, respectively.

Ashraf Rizvi, Partner at SummerHaven, commented, "We believe that these ETFs based on our private equity strategy indexes will provide investors with an opportunity to access returns comparable to an asset class that has traditionally only been available through private markets, with the added benefit of liquidity and transparency and without lockups, vintage risk, investment minimums or takeover premiums." He added, “These ETFs will allow both retail and institutional investors an opportunity to access private equity strategy returns at substantially lower fees.”

The USCF SummerHaven SHPEI Index Fund seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Strategy IndexSM.

The USCF SummerHaven SHPEN Index Fund seeks to track the price and yield performance, before fees and expenses, of the SummerHaven Private Equity Natural Resources Strategy IndexSM.

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