State Street Global Advisors (SPDR ETF) today has added a new U.S. High Yield Corporate ESG ETF on London Stock Exchange
By ETFWorld.co.uk
Rory Tobin Head Global SPDR ETF Business & Chairman SSGA EMEA
SPDR® Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF (Acc)
The objective of the Fund is to track the performance of the fixed-rate, U.S. Dollar-denominated high yield corporate bond market.
Index Description
The Index is a high yield, fixed-rate, U.S. dollar-denominated benchmark that optimizes its R-Factor score by State Street Global Advisors. The Index selects securities eligible for the Bloomberg U.S. High Yield Corporate Index and weights them using an optimization process, while controlling for active total risk. The Index excludes issuers based on their ESG characteristics considering both their ESG rating and their involvement in certain controversial business activities as outlined in the Index Methodology.
| Product Name | SPDR® Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF (Acc) |
| ISIN | IE0004TYCC17 |
| SEDOL | BSBK6X9 |
| Issuer | State Street Global Advisors Europe Limited |
| Trading Currency | USD |
| Underlying | Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select Index |
| Management Fee | 0.30% |
Source: ETFWorld.co.uk
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