New L&G ETF on Xetra: climate-friendly bonds

Release date: 18 Feb 2021 | Deutsche Börse Cash Market

New L&G ETF on Xetra: climate-friendly bonds

Since Thursday, a new exchange traded fund of Legal & General Investment Management is tradable on Xetra and Börse Frankfurt.

Since Thursday, a new exchange traded fund of Legal & General Investment Management is tradable on Xetra and Börse Frankfurt.

With the L&G ESG Green Bond UCITS ETF - Dist, investors participate in the performance of so-called green bonds from industrialised and developing countries, which are issued by individual states, supranational organisations or companies and denominated in euros, US dollars or British pounds.

Green bonds pursue the goal of financing environmentally and climate-friendly projects. To prevent "greenwashing", only bonds that are classified and recognised as climate-friendly by the Climate Bonds Initiative are included. Furthermore, the bonds must have a minimum remaining term of two years. Excluded are issuers with business activities in the areas of coal, tobacco and weapons as well as those that do not comply with the principles of the UN Global Compact.

Name

Asset class

ISIN

Ongoing charges

Distribution policy

Reference index

L&G ESG Green Bond UCITS ETF - Dist

Bond ETF

IE00BMYDMD58

0.25 per cent

Distributing

J.P. Morgan ESG Green Bond Focus Index

The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,633 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.

Further information

Market Status

XETR

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