BNY Mellon Widens ETF Pact With USCF: Portfolio Products

April 8, 2020 by Jeff Berman

BNY Mellon expanded its exchange-traded product relationship with United States Commodity Funds and completed the asset conversion onto BNY Mellon’s ETF Servicing platform.

BNY Mellon serves as the funds’ custodian, accountant, administrator and transfer agent, the firms said.

USCF specializes in commodity and alternative exchange-traded products, including the United States Oil Fund, LP, which trades on the NYSE Arca (USO, with a 0.79% net expense ratio), introduced in 2006.

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Originally Posted at ThinkAdvisor on April 6, 2020 by Jeff Berman.