The USCF Restaurant Leaders Fund (MENU), a new exchange traded fund (ETF), is now trading on the New York Stock Exchange (NYSE).
MENU is USCF's 13th product to be listed on the NYSE.
It allows investors to access a portfolio of companies in the restaurant industry.
"MENU expands USCF's equity product line and ties in with our well-known commodity line by giving investors access to commodities from an alternative vantage point – that of the end user," says John Love, president and chief executive officer of USCF. "The restaurant universe consists of companies that we all know and frequent, and we hope MENU appeals to a broad range of investors. Professionals in the restaurant business may find MENU particularly interesting as they seek alternative ways to gain or hedge exposure to their own industry."
The USCF Restaurant Leaders Fund seeks to track the price and yield performance of the Restaurant Leaders INDXX Index (iMENU), before fees and expenses.
iMENU selects companies in the restaurant industry, especially in the quick serve category, and screens the universe for fundamental qualities expected to lead to outperformance.