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Fund Flash: BlackRock ups ESG game; Invesco and Pimco ETF launch

Fund Flash: BlackRock ups ESG game; Invesco and Pimco ETF launch

Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications.

BlackRock ups ESG game with global equity ETF launch

US giant BlackRock has launched the iShares MSCI World SRI Ucits ETF, which will focus on global companies with the strongest ESG ratings.

The launch has brought BlackRock’s assets benchmarked to MSCI ESG indexes to $62 billion. MSCI ESG rating help assess how companies are exposed to and manage risks such as strikes and lawsuits.

BlackRock’s ETF will also track the MSCI World SRI Select index, which excludes companies involved in military weapons, nuclear power, tobacco, alcohol and other categories.

Invesco PowerShares and Pimco team up for ETF

Invesco PowerShares and Pimco partnered to launch a Europe-focused short-term high yield ETF.

Pimco's Euro Short-Term High Corporate Bond Index Source Ucits ETF will invest in high yield securities with maturities of up to five years from companies in developed European markets. It will mirror Invesco PowerShares' $1.2 billion product.

The new strategy is designed to appeal to investors seeking high income above government or investment grade corporate bonds.

Aberdeen Standard launches global equity impact fund

Aberdeen Standard Investments made its first foray into impact funds with a vehicle designed to target ESG investing.

Portfolio managers Sarah Norris and Dominic Byrne will use an analysis framework developed using 17 United Nation’s Sustainable Development Goals (SDGs) to ensure the companies they pick are having a truly positive impact on the environment, society and clients.

The Luxembourg-domiciled fund, which will have a high-conviction portfolio of 35 to 60 stocks, invests in companies providing solutions in areas such as healthcare, education and poverty.

US group unveils unconstrained EMD fund for boutique CIO

Principal Global Investors launched an unconstrained emerging market bond fund for its specialist developing world debt boutique, Finisterre Capital.

Damien Buchet, chief investment officer at the London-based boutique, will oversee the Dublin-domiciled fund alongside portfolio manager Christopher Watson.

Finisterre’s Unconstrained Emerging Markets Fixed Income fund will invest across emerging market fixed income, focusing on opportunities from across income-generating opportunities.

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