Lyxor has launched three new ETFs offering a sustainable exposure to high yield bonds.
The three ETFs cover USD High Yield, EUR High Yield, and Global High Yield and use Bloomberg Barclays MSCI Sustainable SRI indices. A minimum MSCI ESG rating of BBB is required to be included in the indices.
Philippe Baché, Head of Fixed Income at Lyxor ETF, comments: “ESG rating in High Yield is one of the latest innovations in fixed income indexing. We are always looking for ways to provide investors with even more innovative tools to achieve their sustainable goals. By applying an ESG lens to the High Yield bond universe, we are able to provide a significant move away from parent indices offering a potentially more conservative risk profile.”