Bringing you live news and features since 2006 

Bringing you news, views and analysis since 2013

USCF launches Gold Strategy Plus Income fund

USCF has launched the USCF Gold Strategy Plus Income Fund (GLDX) with SummerHaven Investment Management, LLC (SummerHaven), a Stamford based investment management firm, as sub-adviser. 

GLDX seeks investment results that generally correspond over the long term to the performance of the price of gold, while generating dividend income through selling gold call options and through collateral interest income. GLDX is an actively managed exchange traded fund (ETF). SummerHaven and USCF previously collaborated on three exchange traded products: the United States Copper Index Fund (NYSE Arca: CPER), United States Commodity Index Fund (NYSE Arca: USCI) and the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (NYSE Arca: SDCI) respectively.

“Physical gold is a portfolio staple that has long provided inflation protection, diversification, and stability in volatile markets. However, gold doesn’t earn income on its own. GLDX attempts to add income to gold exposure,” says John Love, President and CEO of USCF. “The ability to combine an income objective with exposure to the gold markets makes makes SummerHaven’s Gold Plus Income strategy a dynamic addition to our long standing partnership.”

“Covered call and ‘buy write’ strategies have been used by equity investors for decades seeking to generate income, and we’re excited to collaborate with USCF and bring this innovative gold strategy to ETF investors. USCF has launched several market-leading commodity ETPs since 2006, and now gold is part of their diversified ETP platform,” says Kurt Nelson, President of SummerHaven Investment Management. “GLDX offers an inflation hedging strategy for investors seeking exposure to the gold markets along with income.”
 

Latest News

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our..
ETF data providers ETFGI report that assets invested in the global ETFs industry extended its lead over the global hedge..
Never a dull moment for Cathie Wood, founder and CEO of ARK Invest. In 2020 she was the ETF darling enjoying..
New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK,..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Franklin Templeton, with global ETF AUM exceeding USD13 billion, launched its European ETF offering in 2017, and announced last year the hire of Lotfi Ladjemi as Senior ETF Sales Specialist...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by