USCF Announces the Launch of Two New Funds that are Designed to Track the SummerHaven Private Equity Strategy Indexes (Tickers: BUY, BUYN) - Insurance News | InsuranceNewsNet

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December 1, 2017 Newswires
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USCF Announces the Launch of Two New Funds that are Designed to Track the SummerHaven Private Equity Strategy Indexes (Tickers: BUY, BUYN)

PR Newswire

OAKLAND, Calif., Dec. 1, 2017 /PRNewswire/ -- 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.

USCF - Invest in what's REAL

"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."

"USCF is thrilled to collaborate with SummerHaven once again," added Love.  "They have parlayed their unparalleled research capabilities into game-changing indices that should prove to be an exciting development for the market."

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.

The Funds do not invest in private equity funds or private equity of companies.

About USCF
USCF operates on the leading edge of product innovation as an asset management firm offering exchange-traded products (ETPs), exchange-traded funds (ETFs) and mutual funds. The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the next decade, USCF designed and issued fifteen more specialty products across commodity and equity asset classes. USCF currently manages approximately $4 billion in assets from its headquarters in Oakland, California.

About SummerHaven Index Management, LLC
Headquartered in Stamford, CT, SummerHaven Index Management is focused on creating innovative commodity and equity indices based on rigorous academic research. The firm is led by a seasoned management team with over 110 years of collective financial markets experience with commodity futures, equity and fixed income markets.  For more information please visit www.summerhavenindex.com.

Definitions:
Liquidity – the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
Takeover Premium – The amount by which the takeover price for each share of stock must exceed the current stock price in order to entice shareholders to relinquish control of the company to an acquirer.
Transparency – the extent to which investors have ready access to required financial information about a company, such as price levels, market depth and audited financial reports.
Vintage Risk –  when capital is contributed by venture capital, a private equity fund or a partnership drawing down from its investors. Investors can use the vintage year of an investment to further explain its returns.

John P. Love and Katie Rooney are registered representatives of ALPS Distributors, Inc.

Exchange Traded Product Disclosure:
We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking one of the following: USCI, USAG, USO, USL, USOU, DNO, USOD, BNO, UNG, UNL, UGA, UHN, or CPER which contains this and other information, or contact the Fund's distributor at: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800-920-0259. Please read the Fund's Prospectus carefully before investing.

USCI, USAG, USO, USL, USOU, DNO, USOD, BNO, UNG, UNL, UGA, UHN, and CPER are commodity pools regulated by the Commodity Futures Trading Commission. These Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

Past performance does not guarantee future results.

Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.

Leveraged and inverse exchange-traded products pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying benchmark over periods longer than one day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. For more on correlation, leverage and other risk factors, please read the prospectus.

USOU and USOD are new and have a limited operating history.

Exchange Traded Fund Disclosure:
An investment in the USCF SummerHaven SHPEI Index Fund (BUY) and USCF SummerHaven SHPEN Index Fund (BUYN) may not be suitable for all investors.

Investing involves risks, including loss of principal. The market value of shares of common stock can be volatile and change quickly. There is no guarantee that the fund's objective will be met. Fund concentration generally leads to greater price volatility. Foreign investing involves special risks such as currency fluctuations and political uncertainty. Investment in small companies generally experience greater price volatility.
BUY and BUYN shares are not individually redeemable. Individual investors must buy and sell BUY and BUYN shares in the secondary market through their brokerage firm. Brokerage commissions may apply.

BUY and BUYN is new and has a limited operating history

Diversification does not eliminate the risk of experiencing investment loss.

We advise you to consider a fund's objectives, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. Download a copy of a fund's Prospectus by clicking one of the following: BUY, or BUYN. Please read any Prospectus carefully before investing.

Funds distributed by and not affiliated with ALPS Distributors, Inc.
SummerHaven Index Management is not affiliated with ALPS Distributors, Inc.

USO001516   Exp. 11/30/2019

 

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