Market Outlook 2023: Great Expectations – ALPS Advisors | USCF – 12.14.22

Summary:

On Demand Soon

In 2022, both stocks and bonds declined for the first time in 50 years. Inflation was a significant macro-economic driver for this performance, and commodities and the midstream sector, generated significant positive returns this year. Many other financial assets, have also declined, creating challenges to diversify effectively. The Fed and market participants have all hoped for inflation to moderate – but hope is not a strategy, diversification is. Diversification is one of the few “free lunches” that the market can provide.

Speaker:

John (Jack) E. Leslie III, CFA, focuses on diversified, dividend-paying stocks. He is a member of Miller/Howard’s Board of Directors and is an officer of the Miller/Howard Funds Trust and High Income Equity Fund. Prior to joining Miller/Howard in 2004, Jack was a portfolio manager at Value Line Asset Management, M&T Capital Advisors Group (a division of M&T Bank Corp.), and Dewey Square Investors Corp. (now part of Old Mutual Asset Management). Jack earned his BS in Finance from Suffolk University and an MBA from Babson College.

John R. Cusick, CFA, focuses on midstream energy including master limited partnerships (MLPs). Before joining Miller/Howard in 2013, he was a senior vice president and research analyst at Wunderlich Securities Inc. in New York, covering energy including partnerships focused on natural gas, liquids, and exploration & production. Prior to that, John spent more than a decade at Oppenheimer & Co. beginning his career as a junior analyst on the energy team covering major oil companies, refiners, and exploration and production companies and then as a senior research analyst specializing in the midstream sector. He earned his BA in Finance and Marketing from Temple University, and an MBA in Finance from Fordham University School of Business in New York City.

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 (GLDX).

Maya is the Head of Distribution for USCF. Maya has over 20 years of experience in asset management and is responsible for expanding the firm’s distribution and business development efforts. Prior to joining USCF, Maya was at Brandes Investment Partners where she served as National Accounts Manager, Associate Portfolio Manager and Product Coordinator for the Small Cap and Canadian Portfolios. Maya received her BSBA in Finance from San Diego State University. She holds a Series 3 registration with the NFA as well as FINRA Series 6,7, and 63. Maya is a registered representative of ALPS Distributors, Inc.