Tabula IM cuts fees on high yield bond ETF

From 0.5% to 0.25%

Tabula Investment Management has halved fees for its EUR High Yield Bond Paris-Aligned Climate UCITS ETF (THEP), from 0.5% to 0.25%.

The fund has around €60m in assets with a current yield of 6.7%.  It aims to replicate the performance of the iBoxx MSCI ESG EUR High Yield Paris-Aligned Capped index, minus fees and expenses. The index targets 50% lower greenhouse gas emissions than the broad euro high yield market, the firm explained, and reduces emissions by 7% per year. Tabula launches Paris-aligned ultrashort bond ETF Tabula CEO Michael John Lytle said: "Investors continue to seek robust Article 9 Paris-aligned solutions for their core portfolio positions. The unique characteristics of our EUR HY Bond Paris...