Source unveils commodities ex-agriculture ETF

TER of 0.40%

ETF provider Source has launched a commodities ex-agriculture ETF in response to increased investor exposure to the asset class.

While excluding agriculture and livestock, the Source Bloomberg Commodity ex-Agriculture UCITS ETF will aim to deliver the performance of the Bloomberg ex-Agriculture and Livestock 20/30 Capped index, after fees. The ETF has an ongoing charge of 0.19% and a swap fee of 0.21%, bringing the total cost to 0.40%. With political uncertainty and high equity valuations, the firm said investors were looking to diversify their portfolios through commodity exposure. This is Source's second commodity ETF launch this year, after the firm launched the Source Bloomberg Commodity UCITS ETF in Jan...