BetaShares Sustainability Leaders Diversified Bond ETF – Currency Hedged
BetaShares has launched the BetaShares Sustainability Leaders Diversified Bond ETF (Currency Hedged) on the Australian Securities Exchange's AQUA managed fund platform.
The fund aims to track the performance of the Solactive Australian and Global Select Sustainability Leaders Bond TR Index ( AUD Hedged) before fees and expenses.
The Solactive Index invests across fixed rate, investment grade global and Australian corporate, government and government agency bonds. It allocates towards green bonds, or bonds that have been screened to avoid issuers with material exposure to the fossil fuel industry or other activities deemed inconsistent with responsible investment considerations.
At each monthly rebalance 50 per cent of the index weight will be allocated to Australian dollar-denominated bonds and 50 per cent to Euro/U.S. dollar-denominated bonds.
The fund has a management cost of 0.49 per cent of net asset value per annum.