BlackRock overhauls $1bn high-yield ETF duo for Nordic pension fund
BlackRock has switched the indices of euro and US dollar high yield corporate bond ETFs in favour of softer ESG credentials to suit the updated sustainability targets of a Nordic pension fund. The $582m iShares € High Yield Corp Bond ESG Paris-Aligned Climate UCITS ETF (HYPE) and the $423m iShares $ High Yield Corp Bond ESG Paris-Aligned Climate UCITS ETF (HYDP) will switch from tracking their respective versions of the Bloomberg MSCI Corporate High Yield Climate Paris-Aligned ESG Select index...
