BNP Paribas Asset Management has expanded its ESG fixed income ETF range by launching two new funds: BNP Paribas Easy € Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF. These funds, classified as Article 8 under SFDR, are listed on multiple exchanges. The first fund tracks the Bloomberg MSCI Euro Corporate Ultrashort Fixed and Floating Rate SRI Index, applying MSCI’s sustainability criteria. The second fund replicates the Bloomberg MSCI US Corporate SRI Sustainable ex Fossil Fuel Bond Index, with a minimum MSCI ESG rating of BBB for issuer inclusion. Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM, highlighted the aim to meet investor demand for ESG-focused fixed income exposure with low tracking error compared to non-ESG benchmarks.
Resource: https://www.esgtoday.com/bnp-paribas-am-launches-new-fossil-free-fixed-income-funds/