USCF to Close and Liquidate Select ETF Products After Board Vote
USCF announced plans to shut down several exchange-traded products following a board approval. The Walnut Creek-based firm cited a trustee vote as the basis for the decision.
USCF, a California-based provider of exchange-traded products, announced Thursday that it will close and liquidate a number of funds in its product lineup following a formal vote by the Board of Trustees of USCF ETF Trust, the company said in a statement released from Walnut Creek.
The decision reflects a broader trend among smaller ETF sponsors that periodically prune underperforming or low-asset products to concentrate resources on their core offerings. USCF has positioned itself as an innovator in the exchange-traded product space, particularly in commodity-linked strategies.
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Board-level approvals of this kind are typically required under fund governance rules before any liquidation process can formally begin, signaling that the closures are expected to proceed in an orderly fashion for remaining shareholders. Investors holding affected funds would generally be advised to review any official communications regarding redemption timelines and tax implications.
USCF did not disclose in the announcement the specific assets under management affected by the closures or a precise liquidation timetable, leaving those details to be communicated through subsequent regulatory filings or direct shareholder notices.
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