The Source Bloomberg Commodity Ucits ETF, which was launched on 10 January 2017 has seen inflows of over $925m (£741m, €860m) to date, the company said.
The ETF tracks an index that covers 20 different commodities at a fee to investors of 0.4% per year with no entry or exit charges.
The BCOM index rebounded strongly in 2016 year as the underlying commodity sector recovered from a sharp selloff, with the index recording a 12% return for the year.
Source’s executive director of product management Chris Mellor said the company was expecting the strong demand for its product to continue this year.
“Investors have been crying out for a more competitively priced, simple commodity ETF and the rapid growth in Source’s new BCOM ETF reflects this.”
Source said it currently has more than $4.5bn of assets under management in commodity products, including the new BCOM ETF and its existing LGIM Composite ETF, which has steadily grown to over $300m in AUM.
In a separate move Source said it had also as listed three of its largest exchange-traded products (ETPs) on the Amsterdam section of the Euronext stock exchange.
The three products are:
- The $3bn Source S&P 500 Ucits ETF which has an ongoing charge of 0.05% per year,
- The Source NASDAQ Biotech Ucits ETF, the only ETF in Europe to provide targeted exposure to the US biotechnology sector; and
- The Source Physical Gold ETF, which currently has more than US$3.4bn of assets invested, and is backed by physical gold bullion.
