BlackRock has lunched a new iShares ETF – The iShares $ Corp Bond ESG UCITS ETF EUR Hedged (Dist) – on Xetra and Börse Frankfurt.The new fund allows investors to participate in the performance of fixed income corporate bonds denominated in US dollars.
The investment universe includes bonds with investment grade status, a minimum residual maturity of one year and a minimum outstanding amount of USD300 million. The benchmark index excludes companies whose products have negative social or environmental impacts: producers of alcohol, tobacco, gambling, adult entertainment, genetically modified organisms, nuclear power and weapons. The returns are distributed. Investors are hedged against currency risks against the euro.