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New Source commodity index ETF launched on Xetra

ETF provides access to commodity basket comprising energy and industrial and precious metals


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A new exchange traded fund (ETF) issued by Source has been tradable on Xetra and Börse Frankfurt since Tuesday.

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

ISIN: DE000A2DPAL3

Ongoing charges: 0.19 percent

Distribution policy: accumulating

Reference index: Bloomberg Commodity Ex-Agriculture and Livestock Capped TR index

 

Source: ETFWorld.co.uk

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