LGIM expands fixed income ESG suite with USD and EM corporate bond ETFs
Jan 26th, 2021 | By James Lord, CFA
Legal & General Investment Management has rolled out another two fixed income ETFs in Europe offering ESG-integrated solutions.
Legal & General Investment Management has rolled out another two fixed income ETFs in Europe offering ESG-integrated solutions.
Legal & General Investment Management has rolled out an ETF providing exposure to companies operating in the clean energy ecosystem.
BlackRock has rolled out a UCITS version of its popular US medical devices ETF in Europe, on Euronext Amsterdam.
Legal & General Investment Management (LGIM) has cross-listed six thematic equity ETFs into the Swiss market. The funds target disruptive technology themes that capitalize on investment opportunities in artificial intelligence, healthcare innovation, pharmaceutical breakthroughs, clean water, energy storage, and e-commerce logistics. Each ETF has listed in Swiss francs on SIX Swiss Exchange and comes with an expense ratio of 0.49%.
First Trust has launched a pair of equity ETFs in Europe that seek to capitalize on two in-demand and widely received investment themes: cybersecurity and biotechnology. Rupert Haddon, Managing Director, Head of Sales and Distribution, First Trust, added, “Cybersecurity and biotechnology are two of the world’s fastest-growing themes and we are incredibly excited to be adding to our suite of innovative thematic UCITS ETFs which should give investors precise tools to better express their own investment beliefs.”
Proponents of thematic investing have reason to cheer with the arrival of a new ETF issuer, Rize ETF, dedicated to thematic portfolios. The London-based firm is founded by four alumni of ETF Securities and LGIM and aims to carve out a niche as a specialist provider of thematic ETFs. It has debuted with a pair of equity ETFs focused on cybersecurity and data privacy, and medical cannabis and life sciences.
Legal & General Investment Management (LGIM) has cross-listed the L&G US Equity (Responsible Exclusions) UCITS ETF on Borsa Italiana. The fund, which was launched in December 2019 in partnership with index boutique Foxberry, provides exposure to US equities whilst taking into account environmental, social and governance (ESG) factors.
Legal & General Investment Management has teamed up with index boutique Foxberry on a second responsible investment ETF. Listed on the London Stock Exchange, the L&G US Equity (Responsible Exclusions) UCITS ETF provides exposure to US equities whilst taking into account environmental, social and governance factors. The fund is linked to the committee-based Foxberry Sustainability Consensus US Total Return Index and has come to market with $550m in assets from Varma, a leading Finnish pension fund.
BMO Global Asset Management is to withdraw from the European ETF market. In a letter to shareholders in its ETFs, the asset manager announced its intention to close all of its London-listed ETFs and cease managing ETFs domiciled in Europe. It said the decision was based on a variety of factors, including the current level of assets under management and projected asset growth in the current market environment. The ETF closures raise some important questions with respect to fund due diligence and issuer viability.
Legal & General Investment Management has cross-listed three thematic ‘disruptive technology’ ETFs on Xetra and Borsa Italiana. They include the L&G Artificial Intelligence UCITS ETF, the L&G Healthcare Breakthrough UCITS ETF, and the L&G Clean Water UCITS ETF. The funds, which debuted on the London Stock Exchange in July 2019, are designed to capitalize on secular investment opportunities in artificial intelligence, healthcare, and clean water.