ETFs are subject to additional exclusions
Invesco has enhanced ESG metrics for several ETFs that track corporate bonds and emerging markets.
In a shareholder notice, the asset manager said it was updating the ETF’s current investment policy and amending its methodology to strengthen its sustainability standards.
The ETFs most affected are the Invesco USD IG Corporate ESG UCITS ETF (PUIG), the Invesco EUR IG Corporate ESG UCITS ETF (PSFE), and the Invesco GBP Corporate ESG UCITS ETF (IGBE), all with some changes. can be added. .
These exclude companies with no MSCI ESG Ratings or Controversy Scores, companies with ESG Ratings below BB, and companies involved in business activities such as alcohol, gambling, nuclear power, adult entertainment, fossil fuels, etc. Includes additional metrics such as
Additionally, each index will be renamed to include Socially Responsible Investing (SRI) and issuer caps will be 5%.
Elsewhere, the exclusive methodology of the Invesco USD High Yield Corporate ESG UCITS ETF (UHYD) will be updated to include gambling and fossil fuel companies.
Together with Invesco’s Emerging Markets ESG Universal Screen UCITS ETF (ESEM), UHYD and IGBE will update their investment policy to include ESG as a foundational strategy.
The new investment policy states: A reference index or the entire reference index.
Invesco said the change will take place on November 30th.
After Invesco made several changes to its ESG ETF scope, including expanding the scope of the Invesco Global Clean Energy UCITS ETF (GCLX) to include China A-shares.
Earlier this month, the asset manager announced it would downgrade its entire range of Article 9 Paris compliant benchmark (PAB) ETFs to Article 8 under the Sustainable Financial Disclosures Rule (SFDR).
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