Commodities are attracting interest given the wild moves we've seen in the market throughout 2020. From a dramatic surge in value from silver and all-time highs in gold to increased demand for orange juice and crude oil plunging to a low of negative $40.32 per barrel April 20, it's no wonder investors are taking note.
We'll pick up from where we left off in yesterday's article with two more ETFs that offer access to commodities through exchange-traded funds (ETFs).
After breaking down key considerations for investing in ETFs composed of commodities futures contracts yesterday, today we'll look at one more such ETF, covering a diverse group of commodities. As well, given the incredible run-up in silver, we'll examine a fund that retains physical holdings of the precious metal.
- ABERDEEN STANDARD BLOOMBERG ALL COMMODITY STRATEGY K-1 FREE ETF
- Current Price: $19.92
- 52-week range: $16.36-$23.11
- Dividend Yield: 1.68%
- Dividend Frequency: Annual
- Expense Ratio: 0.25% per year, or $25 on a $10,000 investment.
The Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free ETF (NYSE:BCI)is actively managed and also tracks the
Bloomberg Commodity Index Total Return
SM index.
The benchmark index consists of 23 commodities which are determined each year based 2/3 on liquidity and 1/3 on dollar-adjusted production data. Weighting caps (i.e., 33%) are also applied to limit concentration in a particular sector.
BCI Weekly Chart