Alternative Investments/ESG: iShares Launches ESG Corporate Bond ETF
The fund manager has expanded its range of sustainable products with the launch of new fixed income and low volatility ETFs.
On Wednesday, iShares launched the iShares ESG Advanced Investment Grade Corporate Bond ETF (ELQD), which tracks the iBoxx MSCI ESG Advanced USD Liquid Investment Grade Index and carries an expense ratio of 0.18%. (ETF Database)
Earlier, on November 4, the firm had launched the iShares ESG MSCI USA Min Vol Factor ETF (ESMV), which we wrote about here.
“We are proud to further expand our line-up today with ESG factor and fixed income funds. These funds further enable our clients to build strong portfolios customized to their sustainable goals and navigate the transition to a low carbon economy,” said Carolyn Weinberg, global head of product of the iShares and Index Investment business at BlackRock. “We believe sustainable characteristics are consequential to risk and return. Our sustainable ETF platform aims to democratize sustainable investing and provide choice to our clients in their pursuit to invest with a focus on companies who score well in environmental, social, and governance assessments. iShares globally has grown our ETF and index fund product suite from 35 in 2018 to 175 today.”
iShares ESG Advanced Investment Grade Corporate Bond ETF (ELQD)
The new fixed income ETF provides investors with exposure to investment-grade corporate bonds with climate-based screens and other ESG considerations such as issuers with average or above average ESG ratings relative to their sector peers.
It employs 14 different index screens designed to remove exposure to business activities such as fossil fuels, civilian firearms, and gambling.
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