Invesco has just announced the expansion of their ESG suite with launch of a new global high yield ETF. The Invesco Global High Yield Corporate Bond ESG UCITS ETF (GBHY) will track the Bloomberg MSCI Global High Yield Liquid Corporate ESG Weighted SRI Bond index which follows high yield bonds that have high ESG ratings. The be included in the index, securities are required to have an MSCI ESG rating higher than BB which is then used to re-weight the index.
Invesco Launches Global High Yield ESG ETF
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Securities involved in alcohol, adult entertainment, GMO’s, nuclear power, oil, thermal call, tobacco, and weapons will all be excluded from the index.