Noted economist and commodity investment research author Professor Geert Rouwenhorst, Yale University, visits the NYSE to celebrate the recent launch of the United States Commodity Index Fund (NYSE-Arca Listed USCI). In honor of the occasion, Professor Geert Rouwenhorst rings The Opening BellSM.|
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The investment objective of USCI is for the daily changes in percentage terms of its Units’ net asset value to reflect the daily changes in percentage terms of the SummerHaven Dynamic Commodity Index Total Return, less USCI’s expenses. The Index is designed to reflect the performance of a diversified group of commodities. Professor Rouwenhorst, and his co-workers at SummerHaven Index Management, are the creators of the SummerHaven Dynamic Commodity Index, the first 3rd Generation diversified commodity index.
About SummerHaven Index Management, LLC
SummerHaven Index Management, LLC creates innovative commodities indices focused on providing investors with better risk-adjusted returns than traditional commodity index benchmarks. The firm is the owner, creator and licensor of commodity indices including the SummerHaven Dynamic Commodity Index ("SDCI"). SummerHaven Index Management's principals and consultants include Professor Geert Rouwenhorst and Professor Gary Gorton, who are the authors of widely cited research on commodities futures investing including "Facts and Fantasies about Commodity Futures" and "Fundamentals of Commodities Futures Returns".
About United States Commodity Funds LLC
United States Commodity Funds LLC is the manager of exchange traded securities that are designed to track the movements in the prices of different commodity futures. United States Commodity Funds LLC is registered with the CFTC as a commodity pool operator and has approximately $5.1 billion in assets under management as of June 30, 2010.