Bringing you live news and features since 2006 

Source launches commodities ex-agriculture ETF


Source has launched the Source Bloomberg Commodity ex-Agriculture UCITS ETF which gives investors diversified commodity exposure, while excluding agriculture and livestock.

It follows on from the success of the Source Bloomberg Commodity UCITS ETF, which has already raised EUR1.2 billion of assets since January and was the most successful European ETF launch in the past five years.
Chris Mellor, product specialist at Source, explained, “Commodities is a pretty broad asset class. Some investors want exposure to just one commodity, others want exposure to all of them, and others want to diversify but exclude some sectors.”
The new Source ETF aims to deliver the performance of the Bloomberg ex-Agriculture and Livestock 20/30 Capped Index, after fees. With a total cost of only 0.40 per cent per annum (an ongoing charge of 0.19 per cent and swap fee of 0.21 per cent), the fund is significantly cheaper than competing ETFs.
Mellor says: “Many investors in Europe told us they wanted a simple, competitively priced commodity ETF that excluded the agriculture components. Prior to this launch, the cheapest one in Europe charged around 19 basis points more than our fund.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by