Aberdeen Standard Investments Reduces Fee for Commodity ETF

Aberdeen Standard Investments has reduced the management fee for the Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free ETF (NYSE Arca: BCI). The reduction means that there is no lower cost option of its kind available to investors in the US.

The reduction sees annual investment advisory fee reduced from 0.29% to 0.25% of the fund's average daily net assets, in a move intended to maintain the competitive advantage of a niche product that has gathered more than $217 million since inception.