The BNY Mellon Responsible Horizons Corporate Bond ETF (NYSEARCA: RHCB) listed on the NYSE on March 22.

BNY Mellon Investment Management launched the BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) last week. The actively managed ETF will focus on corporate debt securities issued by companies that demonstrate attractive investment attributes and business practices, based on Prime, a proprietary ESG rating methodology developed by Insight Investment, the sub-advisor to the new ETF. Insight Investment is a BNY Mellon investment firm with AUM of $1.2 trillion. (Yahoo Finance)

BNY Mellon Responsible Horizons Corporate Bond ETF (NYSEARCA: RHCB)

The ETF seeks to invest in the best, and avoid the worst, performers on ESG issues, and to consider the approach taken to investments in environmentally sensitive industries.

According to Insight ESG risks may affect investment value and as such, need to be analyzed, mitigated and appropriately priced.

The ETF has a 35 basis points expense ratio.

The fund is managed by Erin Spalsbury and Jonathan Earle, who are both members of Insight’s $316.3 billion Fixed Income Group.

Fundspeak

“By leveraging Insight’s fixed income and responsible investment experience, we’re able to provide our clients with a sustainable investment solution through an actively-managed ETF vehicle,” said Andy Provencher, Head of North American Distribution, BNY Mellon Investment Management, in a statement.

Svein Floden, Head of Intermediary Distribution at Insight, said: “This is the first time that Insight has offered US ETF investors access to its ESG expertise. Responsible Investment is central to our philosophy and culture. We believe that our proposition is compelling and should stand out in a market where few products approach responsible investment via fixed income.”

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