The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
BNP Paribas Asset Management
BNP Paribas Asset Management has announced the launch of BNP Paribas Easy Euro Aggregate Bond SRI Fossil Free ETF and BNP Paribas Easy JPM ESG EMU Government Bond IG 1-3Y ETF. Listed on Euronext Paris, Borsa Italiana and Deutsche Börse Xetra from 8 March, these two launches enhance BNPP AM's range of bond index funds, which now includes 17 sustainable ETFs.
BNP Paribas Easy Euro Aggregate Bond SRI Fossil Free ETF, which aims to replicate the performance of the Bloomberg MSCI Euro Aggregate ex Fossil Fuel SRI Select (NTR) Index, provides investors with exposure to euro-denominated sovereign and corporate investment grade bonds while complying with ESG criteria. The index excludes issuers in sectors with a negative ESG impact (such as fossil fuels), those in violation of the principles of the United Nations Global Compact and those involved in ESG-related controversies.
BNP Paribas Easy JPM ESG EMU Government Bond IG 1-3Y ETF tracks the performance of the JP Morgan ESG EMU Government Bond IG 1-3 Year (TR) Index by investing at least 90 per cent of its assets in debt securities issued by eurozone governments, while complying with ESG criteria. Index constituents are euro-denominated government bonds with maturities between one and three years. The fund complements BNPP AM’s existing offer on the same index for maturities of three to five years and for all maturities.
Both funds are classified as SFDR Article 8. BNPP AM’s sustainable bond index range now includes 17 ETFs covering the entire fixed spectrum, from government bonds to corporate bonds and green bonds.
Lorraine Sereyjol-Garros, global head of development for ETFs and index funds at BNPP AM, said: “Following the launch of our first sustainable bond ETF in 2019, we are further expanding our range of products with these two new funds in order to meet investors' growing appetite for fixed income exposure using an ESG approach.”