BlackRock Launches Two ESG High-Yield Bond ETFs in Europe
November 14 2019 - 4:47AM
Dow Jones News
By Maitane Sardon
BlackRock Inc.(BLK) said Thursday that it has launched two
sustainable high-yield bond exchange-traded funds in Europe as part
of its goal to meet investors' growing demand for funds that
integrate environmental, social and governance factors.
BlackRock said the two new funds, the iShares € High Yield Corp
Bond ESG UCITS ETF and the iShares $ High Yield Corp Bond ESG UCITS
ETF, will track the Bloomberg Barclays MSCI Euro Corporate High
Yield SRI and Sustainable BB+ Bond Index and the Bloomberg Barclays
MSCI US Corporate High Yield SRI and Sustainable BB+ Bond Index
respectively. They will have an expense ratio of 0.50%.
The investment giant said the ETFs will enable investors to
achieve a more sustainable high-yield exposure through debt issued
by companies with the strongest commitment to ESG, while also
screening out companies involved in controversial business
activities.
"As evidence increasingly shows that sustainability-related
factors can help investors build more resilient portfolios, we are
moving into an era where sustainable investing will be the standard
way to invest," said Meaghan Muldoon, head of sustainable investing
EMEA at BlackRock.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 14, 2019 04:32 ET (09:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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