Tabula lists one Bond ETF on Borsa Italiana

Tabula lists US$100 Million Aum Paris-Aligned Article 9 Climate Eur IG Bond UCITS ETF on Borsa Italiana

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Michael John Lytle Tabula CEO

European fixed income ETF provider Tabula Investment Management Limited has listed its market-leading Paris-aligned Article 9 Climate EUR IG Bond UCITS ETF on Borsa Italiana (Ticker: COOL IM). The new listing offers Italian investors access to the first Article 9 EUR IG ETF in Europe focused on climate, which focuses specifically on GHG emissions reductions aligned to Paris agreement goals. The ETF was launched in January 2021 on Xetra (Ticker: TABC GY), and has already attracted over US$100 million of assets from a range of institutional investors.

Why Paris-aligned EUR IG exposure

COOL allows passive investors to align core EUR IG corporate bond allocations with a 1.5°C Paris scenario. The ETF is transparent and meets all EU Paris-aligned Benchmark (PAB) standards, which results in a significant reduction in portfolio emissions. Investors can use the ETF to reduce the emissions of their Euro IG bond allocation by over 60% versus the broad non-ESG benchmark (as of 30 November 2021). It undertakes robust ESG screening, with bonds excluded from companies that have violated ‘social norms’ (on human rights and labour, for example), to those selling controversial weapons and tobacco, and from companies that cause significant environmental harm.

Under EU SFDR, COOL has been categorised as an Article 9 fund, meaning it contributes to a ‘sustainability objective’ with a specific target to reduce total greenhouse gas (GHG) emissions. In a market where transparency for end investors is critical, Tabula produces monthly emissions reporting and quarterly commentary, providing performance and carbon metrics, including relevant climate-related news, recent exclusions/inclusions, and its stewardship activities.

 “Tackling climate change is arguably the defining issue of our age and addresses a major risk to all investment portfolios,” says Tabula CEO, Michael John Lytle. “Investors need to utilise specialist climate solutions, and there needs to be a major shift of large asset pools into a range of climate impact investments.”

Now available on Borsa Italiana

The Tabula EUR IG Bond Paris-aligned Climate UCITS ETF (EUR) – Acc. is now listed on Borsa Italiana with ticker COOL IM and an annual ongoing charge figure (OCF) of 0.25%. The ETF is already available on Xetra (TABC GY) and a SEK-Hedged Accumulating share class is available on Cboe (COOLx IX).

Tabula is firmly committed to supporting ESG investing. It is a signatory to the UN-supported Principles for Responsible Investing and also to the Climate Action 100+. In addition, Tabula is a member of the Institutional Investors Group on Climate Change and it aims to actively engage with index providers to improve ESG standards across new and existing fixed income indices. It has also been a certified carbon neutral business since 2020.

 Source : ETFWorld.co.uk