Legal & General Investment Management (LGIM) bolstered its fixed income exchange traded fund (ETF) range with the launch of a new green bond ETF.
The L&G ESG Green Bond UCITS ETF tracks the JP Morgan ESG Green Bond Focus Index, which aims to provide exposure to green bonds issued across hard currency, credit and local currency government bonds. The fund incorporates green bonds that have been reviewed independently by the Climate Bonds Initiative and the portfolio of global constituents has an average credit rating of A+. LGIM launches Europe's first hydrogen ETF According to LGIM, the fund incorporates an ESG scoring and screening methodology, allocates more money towards issuers ranked higher on ESG criteria and certified ...
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