United States Commodity Funds lowers management fees on 3 ETPs.
BANKING AND CREDIT NEWS-January 15, 2016-United States Commodity Funds lowers management fees on 3 ETPs
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United States Commodity Funds (USCF) has permanently lowered the management fees of three of its exchange-traded products, the company said.
In May of 2014, the company issued a contractual fee waiver through December 31, 2015 and at this time believes that permanently reducing the funds management fees will demonstrate that these funds were designed with the buy-and-hold investor in mind.
With the newly reduced fees, the maximum management fee for the United States Commodity Index Fund (USCI) will be 0.80 percent. For United States Copper Index Fund (CPER) and United States Agriculture Index Fund (USAG), the maximum management fee will be 0.65 percent.
United States Commodity Funds operates 11 exchange-traded products that focus on commodities, and has approximately USD4.42 billion in assets under management as of December 31, 2015.
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