Tabula Lists a new Bond ESG ETF

Tabula  has added a new Tabula Haitong Asia ex-Japan High Yield Corp USD Bond ESG UCITS ETF (USD) – GBP-Hedged Dist to the London Stock Exchange .

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By ETFWorld.co.uk

Michael John Lytle CEO of Tabula Investment Management

Tabula Haitong Asia ex-Japan High Yield Corp USD Bond ESG UCITS ETF (USD) – GBP-Hedged Dist.

ESG exposure to liquid Asia ex Japan High Yield corporate bonds

The Tabula Haitong Asia ex-Japan High Yield Corp USD Bond ESG UCITS ETF (the Fund) aims to track the iBoxx MSCI ESG USD Asia ex-Japan High Yield Capped Index (IBXXUXJT Index), less fees and expenses.

About the index

The index provides exposure to USD-denominated Asia ex-Japan High Yield corporate bonds that meet the requirements for an Article 8 EU SFDR benchmark. The index applies ESG filters to Asia ex-Japan High Yield corporate bonds with remaining time to maturity of at least 1 year and an issuer notional of at least US$400m. The index uses data provided by MSCI ESG Research to exclude issuers in violation of social norms (including the UN Global Compact), involved with controversial weapons or tobacco, causing significant environmental harm or with revenues from oil, gas, coal and energy-intensive electricity above certain thresholds. In addition, an ESG tilt and momentum factor is applied. The index has a 3% issuer cap and 50% sector cap, where excess weights are redistributed proportionately to the remaining bonds. Sector exposures are managed within 5% of the parent index.

Investment process

The ETF invests in a portfolio of corporate bonds that reflects the composition of the index as far as practicable, less fees and expenses.

Source : ETFWorld.co.uk