BNY Mellon IM launches ESG bond ETF

BNY Mellon Investment Management has launched their actively managed Responsible Horizons Corporate Bond ETF.

The ETF, which is listed on NYSE Arca and is sub-advised by Insight North America, invests in corporate debt issued by companies that demonstrate attractive business practices based on Insight’s proprietary ESG rating methodology, Prime. The fund looks to emphasize what Insight believes to be the best, and avoid the worst, performers on ESG issues, and to carefully consider the approach taken to investments in environmentally sensitive industries.

The fund is managed by Erin Spalsbury and Jonathan Earle, who are both members of Insight’s Fixed Income Group.

Andy Provencher, Head of North American Distribution, BNY Mellon Investment Management, says, “This is an exciting addition to our growing ETF range as investors and advisors are increasingly looking for outcome-oriented strategies in more versatile investment vehicles. By leveraging Insight’s fixed income and responsible investment experience, we’re able to provide our clients with a sustainable investment solution through an actively-managed ETF vehicle. In partnering with Insight, a manager that takes ESG issues into account as an integral part of its credit analysis and investment process, we aim to achieve this goal.”