BMO Asset Management (BMO AM) announced today the launch of the BMO ESG High Yield US Corporate Bond Index ETF, adding a high yield corporate bond offering to its suite of ESG ETFs.

The new ETF seeks to track the recently launched Bloomberg Barclays MSCI US High Yield Liquid Corporate Sustainability SRI Index. According to MSCI, the benchmark negatively screens out issuers with substantial revenue derived from sources such as adult entertainment, alcohol, gambling, tobacco, controversial military weapons, civilian firearms, nuclear power, genetically modified organisms (GMOs), thermal coal, and unconventional oil and gas, while only including issuers with at least a BBB ESG rating.

Mark Raes, Head of Product, BMO Global Asset Management Canada, said:

“At BMO Global Asset Management, we continue to advance our ESG ETF lineup to meet the demands of investors. Adding a U.S. high yield offering allows investors to further integrate ESG into their portfolios.”

 

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