WESTPORT, Conn., Jan. 21, 2016 /PRNewswire/ -- REX Shares, LLC (REX) today announced it has signed an agreement with United States Commodity Funds LLC (USCF), a sponsor with $4.4 billion of exchange-traded products under management, to work with USCF to develop a series of innovative exchange-traded products providing exposure to master limited partnerships (MLPs). The new exchange-traded products will seek to provide investors with exposure to investments in securities of MLPs using listed futures contracts on the S&P MLP Index.
"We are focused on delivering exchange-traded products that address specific access or efficiency challenges for investors," said Greg King, Founder and CEO of REX. "Accessing MLP exposure via futures represents a unique approach, and we are excited to work with an experienced participant in the futures markets to design and launch these products."
"We look forward to working with the REX Shares team," said John Love, President and CEO of USCF. "We are inspired by their ideas and excited to complement our current suite of products with new and unique solutions for investors."
Based in Westport, Connecticut, REX Shares, LLC is an independent sponsor of exchange-traded funds (ETFs). As ETF architects, the REX team specializes in creating investment vehicles that solve specific access or efficiency challenges in investor portfolios. For more information about REX, please visit www.rexetf.com.
Located in Oakland, California, United States Commodity Funds LLC operates 11 exchange-traded products that focus on commodities, and has approximately $4.4 billion in assets under management as of December 31, 2015.
For more information about USCF's exchange-traded products, visit www.unitedstatescommodityfunds.com
Please note that the foregoing announcement does not constitute an offer of any securities for sale.
Dukas Linden Public Relations
SOURCE REX Shares, LLC