Commodity Investing: What You Know Ain’t So – USCF Investments – 10.22.26

Summary:

Commodities are one of the most misunderstood asset classes in investing. Many investors have limited experience with commodities, and much of what is commonly "known" about the asset class is incomplete, outdated, or simply wrong. Separating fact from fiction can be surprisingly difficult.

Interest in commodities has surged after years of neglect, driven by higher interest rates, persistent inflation, geopolitical uncertainty, and growing concerns about resource scarcity. Yet many allocators continue to evaluate commodities using assumptions that no longer reflect today’s markets.

Join USCF Investments and SummerHaven for a discussion that challenges conventional wisdom and revisits some of the most important, and often forgotten, lessons in commodity investing. We will provide a global macro update, review the fundamentals of commodities as an asset class, and explore commodity market dynamics through the lens of scarcity and inventory. The webinar will also examine the SummerHaven Dynamic Commodity Index (SDCITR), which rebalances monthly based on forward-looking measures of commodity scarcity. We will discuss the rationale behind this approach and compare it with traditional commodity indexes that typically rebalance annually and are primarily weighted by market size and liquidity.

Whether you are new to commodities or have invested in the asset class for years, you may find that some of what you think you know… ain’t so.

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

John P. Love is President and Chief Executive Officer of USCF, a Walnut Creek, California based investment firm.

Mr. Love previously served as Senior Portfolio Manager for USCF’s products, including the United States Oil Fund (USO) and United States Natural Gas Fund (UNG), the largest oil and natural gas ETFs in the U.S. Since USCF’s founding, Mr. Love has contributed to the firm’s evolution through operations, trading, research, product development, marketing, capital markets, and more.

Mr. Love is a graduate of the University of Southern California. He holds NFA Series 3, 30 and FINRA Series 7, 63 registrations and is a CFA Charterholder.

Kurt is the CEO and Founder of SummerHaven. He previously ran the commodity index business for UBS and led the successful effort to acquire and integrate AIG’s commodity index business. Prior to joining UBS, Kurt structured commodity index and equity derivative solutions for clients of AIG Financial Products. SummerHaven Index Management, LLC creates innovative fundamental indexes focused on providing investors with better risk-adjusted returns than traditional indexes. The firm is led by a seasoned management team with over 110 years of collective financial markets experience with commodity futures, equity and fixed income markets. USCF has partnered with SummerHaven on several funds including the United States Commodity Index Fund (USCI), the United States Copper Index Fund (CPER), the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) and the USCF Gold Strategy Plus Income Fund (USG).