Source launches 'low-cost' commodity ETF

Total charge of 0.40%

Source has expanded its offering in commodities by launching a 'low-cost' ETF on the London Stock Exchange tracking the Bloomberg Commodity index (BCOM).

The Source Bloomberg Commodity UCITS ETF adds to Source's existing range, tracking the broad Bloomberg Commodity index, which returned 11.8% over 2016. The product, denominated in US dollars, has a total charge of 0.40%, encompassing an ongoing charges figure (OCF) of 0.19% and a swap fee 0.21%. Vontobel's Baker: Trump victory would be positive for commodities Chris Mellor, equity product manager at Source, said the product is a low-cost way to access the market in comparison to its competition. "Commodity markets picked up in 2016, so it was not a surprise to see new assets in ...