PHILADELPHIA, Feb. 12, 2019 /PRNewswire/ -- The Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free exchange traded fund (NYSE Arca: BCI) is to be added to Schwab ETF OneSource on March 1, 2019.
The move will mean that Schwab ETF OneSource will now offer six of Aberdeen Standard Investments' exchange traded funds (ETFs) with commission free trading1. 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 comments: "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% to 0.25% in a move intended to maintain the competitive advantage of a niche product that has gathered more than $217 million2 since inception.
Ends
1 Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover. Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information.
2 As of December 7, 2018
Notes to editors
- For more information about the ETFs available in the U.S., call 844-ETFs-BUY (844-383-7289) or visit www.aberdeenstandardetfs.us.
- Aberdeen Standard Investments has relationships with around 500 financial sponsors across approximately 1000 funds globally.
- Aberdeen Standard Investments is a leading global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
- With over 1,000 investment professionals we manage $684.6 billion* of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which they invest.
- We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, strong investment performance. We are resolute in our commitment to active asset management.
- Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world's largest investment companies.
- Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on August 14, 2017.
* Standard Life Aberdeen AUM/AUA is US$735 billion as of September 30, 2018.
Important Information
The Aberdeen Standard Silver ETF Trust, Aberdeen Standard Gold ETF Trust, Aberdeen Standard Platinum ETF Trust, Aberdeen Standard Palladium ETF Trust and Aberdeen Standard Precious Metals Basket ETF Trust are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility.
Aberdeen Standard Investments is a brand of the investment businesses of Standard Life Aberdeen plc, its affiliates and subsidiaries. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) Ltd.
ALPS Distributors, Inc. is the marketing agent for Aberdeen Standard Silver ETF Trust, Aberdeen Standard Gold ETF Trust, Aberdeen Standard Platinum ETF Trust, Aberdeen Standard Palladium ETF Trust and the Aberdeen Standard Precious Metals Basket ETF Trust. ALPS Distributors, Inc. is the distributor for the Aberdeen Standard Investments ETFs.
Risk Warnings: Exchange traded securities may or may not be suitable for a particular investor. The price of exchange traded securities may go up or down and an investor may not get back the amount invested. Exchange traded securities are priced in either US dollars or Euros and the value of the investment in other currencies will be affected by exchange rate movements. To the extent exchange traded securities are traded in other currencies, their value may also be affected by exchange rate movements. Futures trading is speculative and may result in losses. Past performance is not necessarily indicative of future results.
Restricted Investors: The distribution of the prospectus and the offering, sale and delivery of exchange traded securities in certain jurisdictions may be restricted by law. Any subscription for exchange traded securities should be made on the basis of the prospectus.
Disclaimer: Any investment in exchange traded securities carries with it certain risks, including those risks set out in the prospectus. You should obtain your own independent financial, taxation and legal advice before making any decisions about an investment in exchange traded securities. This information is not an offer for exchange traded securities and should not be used as the basis for any investment decision.
Diversification does not eliminate the risk of experiencing investment losses.
An investor should consider the investment objectives, risks, charges and expenses of the ETFs carefully before investing. To obtain a prospectus containing this and other important information, call 844-ETFs-BUY (844-383-7289) or visit www.aberdeenstandardetfs.us. Please read the prospectus carefully before investing.
This information does not constitute financial product advice.
Stan Kiang is a registered representative of ALPS Distributors, Inc.
There are risks associated with investing including possible loss of principal.
ALPS is not affiliated with Aberdeen Standard Investments.
Ref: US-050219-82111-1
EFS000325 2/5/2020
SOURCE Aberdeen Standard Investments
Related Links
http://www.aberdeenstandardetfs.us
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article