Friday Funds: DWS launches US equity ETF tracking Paris-aligned benchmark

The latest developments in ESG-related funds: ESG ETFs from Invesco, VanEck; Amundi launches green bond fund

DWS has launched an ETF investing in large and mid-cap US equities. The ETF tracks a custom Paris-aligned benchmark developed by Solactive and also aims to comply with the IIGCC’s net zero investment framework.

Invesco has launched two ESG ETFs investing in euro-denominated corporate bonds. The funds, one of which is limited to bonds with less than five years to maturity, incorporate exclusionary criteria and a best-in-class approach based on Invesco’s in-house scoring system.

VanEck has launched an Article 9 ETF investing in sustainable food companies. The ETF, listed on the London Stock Exchange and Deutsche Börse Xetra, tracks the MVIS Global Future of Food ESG Index, which invests in pureplay food and agriculture companies across food technology, precision agriculture and agricultural sustainability.

Amundi has launched a short-term green bond fund. The fund, co-managed by Yael Muscat, Alban de Fay and Hervé Boiral, will invest in Green Bond Principles-aligned bonds issued by corporates worldwide and “aims to protect investors against the risk of rising rates through the implementation of a dynamic duration management”.

VH Global Sustainable Energy Opportunities has raised £122 million ($147 million; €141 million) from a new issue of shares. The investment company, advised by Victory Hill Capital Advisors, has deployed close to £300 million since its IPO in February last year, with the new proceeds set to be used for a series of investments either under offer or negotiation.