Description

This ETF aims to accurately mirror the performance of the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index (a total return index), whether the market is advancing or declining. It offers investors exposure to investment-grade corporate bonds, denominated in euros, that feature floating interest rates, issued by companies based in developed countries. Excluded from this selection are corporations involved in adult entertainment, alcohol, civilian firearms, controversial or conventional weapons, gambling, genetically modified organisms (GMO), nuclear power, nuclear weapons, tobacco, oil sands, and thermal coal. A mandatory requirement is that all eligible issuers must possess a minimum MSCI ESG rating of BBB. For a complete understanding of the index rules, consult the fund's prospectus or www.ihsmarkit.com.