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 |
|
Tuesday, October 10, 2023 A $4B-AUM Firm Helps Investors Bet On Aluminum The team at a $4-billion-AUM fund on the West Coast is rolling out a fund to help investors bet on a long-term rise in aluminum prices.
ALUM comes with an expense ratio of 65 basis points. As of market close yesterday, it had $3 million in AUM. USCF Advisers, LLC serves as investment advisor to ALUM. The new fund's PM team includes: Darius Coby, director of operations and portfolio manager; Seth Lancaster, PM; and Andy Ngim, principal and chief operating officer. The fund is actively managed and principally invests in aluminum-based futures. Love puts the launch of ALUM in the context of a recent rise in aluminum futures trading given a rise in demand for the metal. "The CME reports nearly triple the number of open contracts and double the number of traders since last September," Love states. "USCF's products make it easy for investors to access commodity markets. We are thrilled to add ALUM to our product lineup." ALUM's other service providers include: SS&C's ALPS Distributors, Inc. as distributor; the Bank of New York Mellon (BNY Mellon) as administrator, custodian, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; and Eversheds Sutherland (US) LLP as counsel. Printed from: MFWire.com/story.asp?s=66543 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
