Nuveen launches high yield ESG ETF

Nuveen has launched the ESG High Yield Corporate Bond ETF. The fund is Nuveen’s tenth ETF that has an ESG overlay but is the first ETF covering corporate junk bonds. The ETF has an expense ratio of 0.35% and lists on the NYSE Arca. The benchmark tracks a subset of the Bloomberg Barclays US High Yield Very Liquid Index, which covers dollar dominated junk bonds.