BNP Paribas Asset Management has launched three new sustainable fixed income ETFs.
The new funds are:
The BNP Paribas Easy EUR High Yield SRI Fossil Free UCITS ETF which replicates an index that selects the top-rated euro high yield corporate issuers
The BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF which invests in emerging market sovereign and quasi-sovereign bonds issued in US dollars
The BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5 Year UCITS ETF which tracks an index of Eurozone government bonds denominated in euros, with maturities of 3 to 5 years
All the indices exclude those issuers who fail to comply with the principles of the United Nations Global Compact and, depending on the index, are involved in controversial areas such as civilian firearms, military weapons, tobacco or fossil fuels.