{"id":55029,"date":"2023-10-03T08:40:47","date_gmt":"2023-10-03T07:40:47","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=55029"},"modified":"2023-10-03T08:48:11","modified_gmt":"2023-10-03T07:48:11","slug":"bnp-paribas-am-expands-fixed-income-etf-range-with-two-new-launches","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/bnp-paribas-am-expands-fixed-income-etf-range-with-two-new-launches\/","title":{"rendered":"BNP Paribas AM expands fixed income ETF range with two new launches"},"content":{"rendered":"
BNP Paribas Asset Management (BNP Paribas AM) announces the further expansion of its fixed income ETF range with the launch of two new SFDR Article 8[1]<\/sup> funds, BNP Paribas Easy \u20ac Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF<\/strong> and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF<\/strong>.<\/h5>\n

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Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNP Paribas AM
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Both are sub-funds of the BNP Paribas Easy Luxembourg SICAV and were listed on Euronext Paris, Borsa Italiana and Deutsche B\u00f6rse Xetra from 3 October.\u00a0 BNPP AM\u2019s range of fixed income index funds includes 12 ETFs[2]<\/sup> covering sovereign bonds, investment grade and high yield corporate credit, and green, social and sustainability-linked bonds.<\/p>\n

BNP Paribas Easy \u20ac Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF<\/strong><\/span> is an ultra short duration SRI[3]<\/sup> strategy designed to enhance our successful range of fixed income ETFs that now has totals more than EUR 10 billion of assets under management[4]<\/sup>.\u00a0 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\u00a0years[5]<\/sup>.\u00a0 The index is constructed using MSCI\u2019s sustainability criteria including value-based, controversial sectors and fossil fuel exclusions; \u2018red flag\u2019 ESG controversy exclusions; and the potential additional exclusion of the worst ESG-rated issuers[6]<\/sup>.<\/p>\n

Alongside this new ultra short duration ETF, BNPP AM offers a wide range of short term investment solutions and manages more than EUR 105 billion[7]<\/sup> in money market funds and short duration fixed income products, with sustainability integration across the full range of publicly-available funds.<\/p>\n

The addition of a US dollar corporate bond SRI strategy marks an important step in the expansion of BNPP AM\u2019s fixed income ETF range.\u00a0 BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF<\/strong><\/span> 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\u00a0years[8]<\/sup>.\u00a0 The index is constructed using MSCI\u2019s sustainability criteria including value-based, controversial sectors and fossil fuel exclusions, and \u2018red flag\u2019 ESG controversy exclusions. \u00a0A minimum MSCI ESG rating of BBB is required for issuer inclusion[9]<\/sup>.<\/p>\n

Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM<\/span> comments:<\/strong><\/p>\n

“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.\u00a0 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.\u00a0 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.\u201d<\/em><\/p><\/blockquote>\n

BNPP AM manages ETF and index fund assets totalling EUR 47 billion, including thematic and sustainable products.[10]<\/sup>.<\/p>\n

Key fund characteristics (as at 3 October 2023)<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Fund name<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0BNP Paribas Easy \u20ac Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF<\/span>
\nISIN codes\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>EUR Capitalisation: LU2533812058
\nEUR Distribution: LU2533811910
\nBloomberg code\u00a0\u00a0\u00a0\u00a0 <\/strong>EUR Capitalisation: SRIUC FP (Euronext Paris); BJLI GY (Xetra); SRIUC IM (Borsa Italiana)
\nEUR Distribution: SRIUD FP (Euronext Paris); BJLL GY (Xetra)
\nIndex name\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Bloomberg MSCI Euro Corporate Ultrashort Fixed and Floating Rate SRI (NTR) Index
\nBloomberg code<\/strong>\u00a0\u00a0\u00a0\u00a0 I37260EU:IND
\nReplication\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong>Physical
\nFund currency\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>EUR
\nNAV frequency\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Daily
\nRebalancing\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Monthly
\nSRI<\/strong>(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>\u00a02
\nEntry\/Exit fee<\/strong>(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>0%
\nOCR<\/strong>(c)<\/sup>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.10%
\nTracking error<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <1% (in accordance with the prospectus)
\nSFDR category<\/strong>(d)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>8
\nAMF category<\/strong>(e)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>1
\nListing\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Euronext Paris, Deutsche B\u00f6rse Xetra, Borsa Italiana<\/p>\n

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Fund name<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF<\/span>
\nISIN codes\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>USD Capitalisation: LU2616774076
\nUSD Distribution: LU2616776444
\nBloomberg code\u00a0\u00a0\u00a0\u00a0 <\/strong>USD Capitalisation: USCBC FP (Euronext Paris); BJLJ GY (Xetra); USCBC IM (Borsa Italiana)
\nUSD Distribution: USCBD FP (Euronext Paris); BJLK GY (Xetra)
\nIndex name\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Bloomberg MSCI US Corporate SRI Sustainable ex Fossil Fuel Bond Index
\nBloomberg code<\/strong>\u00a0\u00a0\u00a0\u00a0 I37668US:IND
\nReplication\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong>Physical
\nFund currency\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>USD
\nNAV frequency\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Daily
\nRebalancing\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Monthly
\nSRI<\/strong>(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>\u00a03
\nEntry\/Exit fee<\/strong>(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>0%
\nOCR<\/strong>(c)<\/sup>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.20%
\nTracking error<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <1% (in accordance with the prospectus)
\nSFDR category<\/strong>(d)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>8
\nAMF category<\/strong>(e)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/sup>1
\nListing\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong>Euronext Paris, Deutsche B\u00f6rse Xetra, Borsa Italiana<\/p>\n

(a) Summary Risk Indicator, determined on a scale of 1 (lowest) to 7 (highest), the higher the risk the longer the investment horizon.\u00a0 It is calculated on a periodic basis and may therefore change over time.\u00a0 Regular consultation of the Fund’s KIID\/DICI is recommended.<\/span>
\n(b) Entry\/exit fee maximum 3% on the primary market only<\/span>
\n(c) Ongoing Charge Ratio (on an annual basis)<\/span>
\n(d) Sustainable Finance Disclosure Regulation 2019\/2088 of the European Parliament and of the Council of 27 November 2019 on information to be provided on sustainable development in the financial services sector.\u00a0 Article 8 – product promoting environmental or social characteristics.<\/span>
\n(e) AMF (Autorit\u00e9 des march\u00e9s financiers) Doctrine Category 1 \u2013 approach based on significant commitment to management.<\/span><\/p>\n

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  1. ^ <\/sup>[1] Sustainable Finance Disclosure Regulation 2019\/2088 of the European Parliament and of the Council of 27 November 2019 on information to be provided on sustainable development in the financial services sector. Article 8 – product promoting environmental or social characteristics.<\/cite><\/span><\/li>\n
  2. ^ <\/sup>[2] Exchange Traded Funds<\/cite><\/span><\/li>\n
  3. ^ <\/sup>[3] Sustainable and Responsible Investment<\/cite><\/span><\/li>\n
  4. ^ <\/sup>[4] Source: BNPP AM as at 30\/09\/23<\/cite><\/span><\/li>\n
  5. ^ <\/sup>[5] As at 30\/09\/23<\/cite><\/span><\/li>\n
  6. ^ <\/sup>[6] Further information about MSCI\u2019s ESG methodologies is available here:\u00a0https:\/\/www.msci.com\/esg-and-climate-methodologies<\/cite><\/span><\/li>\n
  7. ^ <\/sup>[7] Source: BNPP AM\u00a0as at 30\/09\/23<\/cite><\/span><\/li>\n
  8. ^ <\/sup>[8] As at 30\/09\/23<\/cite><\/span><\/li>\n
  9. ^ <\/sup>[9] Further information about MSCI\u2019s ESG methodologies is available here:\u00a0https:\/\/www.msci.com\/esg-and-climate-methodologies<\/cite><\/span><\/li>\n
  10. ^ <\/sup>[10] Source: BNPP AM\u00a0as at 31\/08\/23<\/cite><\/span><\/li>\n<\/ol>\n

    Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

    BNP Paribas Asset Management (BNP Paribas AM) announces the further expansion of its fixed income ETF range with the launch of two new SFDR Article 8[1] funds, BNP Paribas Easy \u20ac Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF.<\/p>\n","protected":false},"author":4,"featured_media":52833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[309],"class_list":["post-55029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-bnp-paribas"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=55029"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55029\/revisions"}],"predecessor-version":[{"id":55032,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/55029\/revisions\/55032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/52833"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=55029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=55029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=55029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}