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Aberdeen Standard Investments ETF added to Schwab ETF OneSource

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The Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free exchange traded fund (BCI) is to be added to Schwab ETF OneSource on 1 March 2019.

The move will mean that Schwab ETF OneSource will now offer six of Aberdeen Standard Investments’ exchange traded funds with commission free trading. Commission free trading is available to all individual investors at Schwab, more than 7000 independent investment advisors, and through Schwab retirement accounts that permit trading of ETFs.
 
Aberdeen Standard Investments’ Director of Strategic Accounts, Stan Kiang, says: “We have always been motivated by a desire to make it easier for investors to access the commodities space and our partnership with Schwab is a great step forward in that ambition. The combination of low cost, no K-1 tax forms, and now commission free trading for BCI and our five other precious metals ETFs provides a compelling offering for investors interested in the commodities asset class.”
 
The news comes following a reduction of the fund’s investment advisory fee at the end of last year from 0.29 per cent to 0.25 per cent in a move intended to maintain the competitive advantage of a niche product that has gathered more than USD217 million since inception.

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