Four USCF ETCs available to trade commission-free on Schwab ETF OneSource
United States Commodity Funds (USCF) has made four of its exchange-traded commodity funds available to trade commission-free on the recently launched Schwab ETF OneSource platform.
The ETFs are United States Commodity Index Fund, United States 12 Month Oil Fund, United States Gasoline Fund and the United States 12 Month Natural Gas Fund.
Schwab clients can now buy and sell 105 ETFs with USD0 online trade commissions.
All major asset classes are included in the offering, with funds from six providers. Schwab clients who buy and sell ETFs on the Schwab ETF OneSource platform will pay the exact same operating expense ratio (OER) they would elsewhere, but without paying a commission.
USCF's chief investment officer John Hyland (pictured) says: "The availability of these products on Schwab ETF OneSource should make these products even more affordable for investors. Those of us who have been around the mutual fund world for a long time remember the positive impact that the mutual fund version of OneSource had on investors and advisers. We hope the ETF version will have a similar impact. We're pleased to be included in the line-up of available funds and look forward to working closely with Schwab now and in the future."
- Special Reports
- How to set up a hedge fund