UniCredit has launched an ETF that enables investors to access to a broadly diversified portfolio of liquid euro-denominated green bonds from European issuers.
The UC MSCI European Green Bond EUR UCITS ETF, launched by UniCredit's subsidiary Structured Invest in collaboration with MSCI ESG, targets UniCredit CIB's institutional investors as well as other investors groups, and includes green bonds from issuers in different sectors and countries across Europe.
The fund achieves the desired exposure by tracking the Bloomberg Barclays MSCI European Green Bond Issuer Capped EUR Index, an index developed by Bloomberg Barclays and MSCI‘s ESG unit.
Antonio Keglevich, head of Sustainability Bond Origination, UniCredit, said: "Green bonds offer investors the possibility to invest easily in projects with direct relevance for environmental protection. Having the same risk and yield as common bonds, green bonds provide an added value, which exceeds financial aspects. This ETF complements our value chain for green bonds."
The UC MSCI European Green Bond EUR UCITS ETF invests physically in green bonds applying optimised sampling and can be traded on XETRA under the symbol ECBI and is approved for distribution in Germany, Austria, Italy and Luxembourg.
Structured Invest is a management company under Luxembourg law and a subsidiary of UniCredit Bank AG focusing on the launch of various investment funds including UCITS mutual funds and ETFs or Alternative Investment Funds.