In Brief

BNY adds sustainable bond ETF

Fourth sustainable ETF in the company's lineup

BNY Mellon has added a sustainable ETF to its line, with the product launching March 22 on NYSE Arca.

The BNY Mellon Responsible Horizons Corporate Bond ETF (RHCB) is subadvised by Insight North America, a subsidiary of BNY firm Insight Investment. That firm, which specializes in fixed income and risk management, has a total of $1.2trn in assets under management, according to the announcement from BNY.

The product is BNY’s fourth ETF to feature sustainable investment and its sixth actively managed ETF, the firm stated.

“The ETF seeks to emphasize what Insight believes to be the best, and avoid the worst, performers on ESG issues, and to carefully consider the approach taken to investments in environmentally sensitive industries,” the company said in its announcement.