ETF

Chinese manager teams up with Tabula to launch high-yield ESG ETF

Vehicle thought to be first exchange traded fund to combine Asian high-yield with ESG considerations

Haitong International Asset Management has teamed up with Tabula Investment Management to launch an Asia ex-Japan high-yield corporate environmental, social and governance bond exchange traded fund in London.

The Tabula Haitong Asia ex-Japan High Yield Corporate Bond ESG ETF tracks the iBoxx MSCI ESG USD Asia ex-Japan High Yield Capped Index, a new index developed by Haitong International AM, UK-based Tabula Investment Management and IHS Markit.

The new ETF has an ongoing charge of 0.6 per cent per annum.

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