Goldman Sachs Asset Management has launched the Goldman Sachs Global Green Bond Ucits ETF, an ETF tracking an index developed with Solactive.
The fund is amongst the “first passive green bond funds in the industry to track a bespoke index and will make disclosures under Article 9 of SFDR”, shared the asset manager.
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It builds on the firm’s active green bond offering and provides exposure to the Solactive Global Green Bond Select Index seeking to include “companies with a lower climate risk than comparable passive benchmarks”.
The fund aims to track global G10 green bond issuance and enable investors to replace a portion of their existing global fixed income portfolios with bonds that meet certain sustainable investment screens, including controversy exclusion, project and sector exclusions and an analysis of issuers’ climate transition policies.
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The offering, a part of Goldman Sach Asset Management’s global fixed income and liquidity solutions offering, is available on the London Stock Exchange in EUR & GBP, the SIX Swiss Exchange in EUR, Xetra in EUR and the Borsa Italiana in EUR.
Bram Bos, global head of green, social & impact bonds at Goldman Sachs Asset Management, commented: “Green bonds are an important source of investment to drive the climate transition, reflected in record issuance last year. The widening range of issuers includes companies and governments seeking investment to drive their plans to reduce greenhouse gas emissions and guard against physical climate risks.”
