HYSRI
•
Fixed Income
BNP PARIBAS EASY € HIGH YIELD SRI FOSSIL FREE UCITS ETF ACC
TER (bps):
25
AUM (USD m):
343
ISIN:
LU2244386053
Domicile:
Luxembourg
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The Bloomberg MSCI Euro High Yield Sustainable and SRI Bond Index is a fixed-rate, high-yield corporate bond benchmark that follows the rules of the Bloomberg Euro Corporate High Yield Index. The Index is composed of high yield (speculative) securities selected on the basis of Environmental, Social and Corporate Governance (ESG) criteria (such as environmental opportunity, pollution and waste, human capital, corporate governance, etc.) and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded from the index. The type of approach implemented here is Best-inuniverse (type of ESG selection consisting of giving priority to the issuers best rated from a non-financial viewpoint irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented).
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