{"id":55108,"date":"2023-10-11T09:40:25","date_gmt":"2023-10-11T08:40:25","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=55108"},"modified":"2023-10-11T11:35:35","modified_gmt":"2023-10-11T10:35:35","slug":"tabula-launches-worlds-first-article-9-paris-aligned-ultrashort-bond-etf","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/tabula-launches-worlds-first-article-9-paris-aligned-ultrashort-bond-etf\/","title":{"rendered":"Tabula launches World\u2019s First Article 9 paris-aligned ultrashort bond etf"},"content":{"rendered":"
European ETF provider Tabula Investment Management Limited has claimed another world first, launching a new ETF providing Paris-aligned access to euro-denominated ultrashort investment grade corporate bonds.<\/h5>\n

Sign up to our free newsletters<\/strong><\/a><\/p>\n

\n

Michael John Lytle, Tabula CEO<\/strong><\/p>\n

\n

The Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF (TUCP GY)<\/strong> meets the criteria of an EU SFDR Article 9 fund, and provides significantly lower portfolio GHG emissions and an enhanced ESG profile when compared to existing ultrashort solutions.<\/p>\n

The investment strategy for the new ETF is designed to limit global warming to 1.5\u00b0C in accordance with the Paris Agreement, while integrating environmental, social and governance (ESG) criteria into the security selection process.<\/p>\n

Key features of the strategy include:<\/p>\n

    \n
  • 50% initial reduction in GHG emissions vs the broad benchmark and a 7% year-on-year annual reduction<\/li>\n
  • ESG screening: norms-based (e.g. UNGC), controversies and certain business<\/li>\n<\/ul>\n

    activities (alcohol, adult entertainment, gambling, controversial weapons,<\/p>\n

    civilian firearms, nuclear power, GMO, nuclear weapons, cannabis)<\/p>\n

      \n
    • Liquidity and holdings constraints applied to improve liquidity profile while<\/li>\n<\/ul>\n

      maintaining similar characteristics to the broad underlying benchmark<\/p>\n

      The strategy aims to deliver key metrics similar to the broad EUR ultrashort IG bond index it is based on. The ETF index has a current 12-month gross yield of 4.3% with duration of ~0.4 years, an average daily volatility of less than 1bp and average credit rating of A.<\/p>\n

      A new index for the economy of tomorrow<\/strong><\/p>\n

      For its new ETF, Tabula worked with Solactive and ISS ESG to develop a Paris-aligned benchmark for euro-denominated ultrashort investment grade bonds. The new Solactive ISS Paris Aligned Select 0-1 Year Euro Corporate IG Index (SOLES01P Index), which Tabula\u2019s ETF tracks, has a strong correlation with its parent index, the Solactive 0-1 Year Euro Corporate IG Index (SOLEC01 Index). However, the new index provides a 50% greenhouse gas emissions reduction compared to its parent, and it also delivers a 7% annual emissions reduction.<\/p>\n

      The investment universe for the index consists of bonds with a maximum maturity of 1 year. Issuer allocations are capped at 5% of the index.<\/p>\n

      SFDR Article 9 exposures across the fixed income spectrum<\/strong><\/p>\n

      \u201cTackling climate change is the defining issue of our age, and a major risk to all investment portfolios,\u201d says Tabula CEO Michael John Lytle. \u201cMeeting the goals of the Paris Agreement requires a multi-pronged approach. Investors must combine targeted allocations to specialist climate solutions with a shift of large asset pools into broad climate-friendly investments.<\/p>\n

      \u201cTUCP is the first Paris-aligned ultrashort product and joins our existing stable of euro investment grade, global fallen angels and euro high yield Paris-aligned funds. The latest launch shows our commitment to providing investors with SFDR Article 9 exposures across the fixed income spectrum.\u201d<\/p>\n

      Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong><\/span>, commented: \u201cThrough our collaboration with Tabula we are excited to offer investors increased opportunities to align their portfolios with the vital objectives of the Paris Agreement and drive greater capital allocation towards companies demonstrating clear support for the global transition to net zero emissions.\u201d<\/p>\n

      The Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF<\/strong> launched with EUR20 million in assets. The ETF is listed on Xetra with ticker TUCP GY and has an ongoing charge figure of 0.15%.<\/p>\n

      About the ETF <\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
      Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF<\/strong><\/span><\/td>\n<\/tr>\n
      Base Currency <\/strong><\/td>\nEUR<\/td>\n<\/tr>\n
      Trading Currency<\/strong><\/td>\nEUR<\/td>\n<\/tr>\n
      Exchange<\/strong><\/td>\nXetra<\/td>\n<\/tr>\n
      Ticker<\/strong><\/td>\nTUCP GY<\/td>\n<\/tr>\n
      TER<\/strong><\/td>\n0.15%<\/td>\n<\/tr>\n
      ISIN:<\/strong><\/td>\nEUR Acc: IE000WXLHR76<\/td>\n<\/tr>\n
      Index <\/strong><\/td>\nSolactive ISS Paris Aligned Select 0-1 Year Euro Corporate IG Index<\/strong><\/td>\n<\/tr>\n
      Index Ticker <\/strong><\/td>\nSOLES01P Index<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

      European ETF provider Tabula Investment Management Limited has claimed another world first, launching a new ETF providing Paris-aligned access to euro-denominated ultrashort investment grade corporate bonds.<\/p>\n","protected":false},"author":4,"featured_media":22328,"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":[269],"class_list":["post-55108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-tabula"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/55108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=55108"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/55108\/revisions"}],"predecessor-version":[{"id":55112,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/55108\/revisions\/55112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/22328"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=55108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=55108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=55108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}