New fixed income ETF from Tabula on Xetra: Fallen angels corporate bonds are currency-hedged in line with the Paris Climate Agreement
New fixed income ETF from Tabula on Xetra: Fallen angels corporate bonds are currency-hedged in line with the Paris Climate Agreement
Since Monday, a new exchange-traded fund issued by Tabula has been tradable on Xetra and via Börse Frankfurt.
The Tabula Global High Yield Fallen Angels Paris-aligned Climate UCITS ETF (USD) - EUR-Hedged provides access to the portfolio of developed market high-yield corporate bonds that have been downgraded from an investment grade rating. The bonds, known as fallen angels, must have positive climate and ESG factors.
To meet the criteria of the Paris Climate Agreement, the ETF aims to reduce greenhouse gas emissions by 50 per cent compared to the parent index and by 7 per cent per year.
It is a euro-hedged share class that minimises the impact of exchange rate fluctuations.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Tabula Global High Yield Fallen Angels Paris-aligned Climate UCITS ETF (USD) - EUR-Hedged | Fixed Income | 0.55 per cent | accumulating | Bloomberg MSCI Global Corporate Fallen Angels Paris-Aligned Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,068 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.