BNP Paribas Easy € High Yield SRI Fossil Free UCITS ETF Acc

BNP Paribas Easy € High Yield SRI Fossil Free UCITS ETF Acc is a physically replicated exchange-traded fund designed to track the Bloomberg MSCI Euro High Yield SRI Sustainable Ex Fossil Fuel index. The ETF’s primary function is to provide exposure to Euro-denominated high-yield corporate bonds that meet strict Environmental, Social, and Governance (ESG) criteria, explicitly excluding issuers tied to fossil fuels. The underlying portfolio comprises sub-investment grade securities from various sectors and countries, with notable regional allocations in Italy, the United States, France, and the Netherlands. Distinctive features include its sustainability screening, fossil fuel exclusion policy, and accumulating structure, whereby interest income is reinvested rather than paid out as dividends. This ETF seeks to balance financial returns with responsible investing practices, appealing to investors who prioritize social and environmental impact in their fixed income allocation. Its relatively low total expense ratio of 0.25% and a substantial fund size of around 310 million euros suggest strong market adoption. The ETF plays a specialized role in the European bond landscape by catering to demand for high-yield credit strategies aligned with sustainable investment objectives.