ETF provides access to commodity basket comprising energy and industrial and precious metals
A new exchange traded fund (ETF) issued by Source has been tradable on Xetra and Börse Frankfurt since Tuesday, Deutsche Börse announced.
The Source Bloomberg Commodity ex-Agriculture UCITS ETF enables investors to participate in the performance of a commodity basket comprising eleven commodities from the energy, industrial metals and precious metals sectors. It excludes agricultural products such as grains, livestock and soft commodities. The components of the reference index are evaluated and selected based on four criteria: economic significance, diversification, continuity and liquidity. The index is adjusted once a year.
Name: Source Bloomberg Commodity ex-Agriculture UCITS ETF
Asset class: commodity index ETF
Ongoing charges: 0.19 percent
Distribution policy: accumulating
Reference index: Bloomberg Commodity Ex-Agriculture and Livestock Capped TR index
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,151 exchange traded funds. This selection, together with an average monthly trading volume of around €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
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