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U.S. commodities funds files for new diversified ETF

Posted on 29 December 2009

From Indexuniverse.com: U.S. Commodity Funds, best known for its $2.2 billion U.S. Oil Fund and $3.8 billion U.S. Natural Gas Fund, has filed paperwork with the SEC to launch a new diversified commodities index ETF, based on an index created by SummerHaven Index Management.

The fund will track the newly launched SummerHaven Dynamic Commodity Index (SDCI), an actively managed commodities futures index that has positions in energy, precious and industrial metals, and agricultural commodities, including livestock, grains and softs. It is the firm’s first index……………………………………Full Article: Source


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