Bringing you live news and features since 2006 

BPPAM launches two fixed income ETFs: BJLI and BJLJ

RELATED TOPICS​

BNP Paribas Asset Management has announced the further expansion of its fixed income ETF range with the launch of two new SFDR Article 8 funds, BNP Paribas Easy € Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF.

Both are sub-funds of the BNP Paribas Easy Luxembourg SICAV and were listed on Euronext Paris, Borsa Italiana and Deutsche Börse Xetra from 3 October.  BNPP AM’s range of fixed income index funds includes 12 ETFs covering sovereign bonds, investment grade and high yield corporate credit, and green, social and sustainability-linked bonds.

BNP Paribas Easy € Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF is an ultra-short duration SRI strategy designed to enhance the firm’s existing range of fixed income ETFs that now has more than EUR10 billion of assets under management.  It replicates the performance of the Bloomberg MSCI Euro Corporate Ultrashort Fixed and Floating Rate SRI Index, an investment grade bond index with approximately 400 constituents and an average duration of 0.7 years.  The index is constructed using MSCI’s sustainability criteria including value-based, controversial sectors and fossil fuel exclusions; ‘red flag’ ESG controversy exclusions; and the potential additional exclusion of the worst ESG-rated issuers.

The firm writes that alongside this new ultra-short duration ETF, it offers a wide range of short-term investment solutions and manages more than EUR 105 billion in money market funds and short duration fixed income products, with sustainability integration across the full range of publicly available funds.

The addition of a US dollar corporate bond SRI strategy marks an important step in the expansion of BNPP AM’s fixed income ETF range.  BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF is designed to replicate the performance of the Bloomberg MSCI US Corporate SRI Sustainable ex Fossil Fuel Bond Index, an investment grade bond index with approximately 3,400 constituents and an average duration of 6.8 years.  The index is constructed using MSCI’s sustainability criteria including value-based, controversial sectors and fossil fuel exclusions, and ‘red flag’ ESG controversy exclusions.  A minimum MSCI ESG rating of BBB is required for issuer inclusion.

Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM comments: “Interest in fixed income ETFs has continued to gain momentum through the course of 2023, building on the strong growth seen last year when assets under management rose by almost one third.  We launched our first ESG fixed income ETF in 2019, and have continued to expand our range ever since as we seek to meet growing investor demand for systematic fixed income exposure based on an ESG approach.  These two new fossil-free funds offer investors additional asset allocation building blocks targeting low levels of tracking error relative to those of non-ESG benchmarks.”

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..
As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by