Lyxor launches second suite of ESG high yield ETFs
Lyxor has launched a suite of environmental, social and governance high yield exchange-traded funds, following BlackRock’s iShares into the burgeoning market for investment products screened for sustainability. The French firm switched its investment grade ETF to follow a sustainable index last year, but opted to create a new product line for high yield.
That was because applying a screen for ESG factors to high yield indices has a sharp effect on the credit characteristics of the ETF — much greater than in investment grade debt.“We considered switching our existing products to the sustainable indices, but the risk characteristics are actually ...
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