Green Bond ETF Lands in Stockholm

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    Stockholm (NordSIP) – On January 15, ETF specialist Lyxor International Asset Management listed its first ETF at Nasdaq Stockholm. The €54 million ETF, Lyxor Green Bond (DR) UCITS ETF, was the world’s first Green Bond ETF when it lauched in March 2017 and tracks the Solactive Green Bond EUR USD IG Index.

    “The listing of the Lyxor Green Bond ETF on Nasdaq Stockholm is a milestone for us. Lyxor ETFs have been available to Swedish investors through other European exchanges but this further emphasises our commitment to the Nordic region.”, says Carl-Christian Höeg, Head of Nordics at Lyxor ETF according to a press release published by Nasdaq Stockholm.

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    “The green bond market is growing rapidly, and the Nordic region is highly advanced in terms of sustainable investments. We are delighted that our first ETF listed in Stockholm is a green product and that Lyxor through the listing improves the access to green bonds for all types of investors in this region”, Carl-Christian Höeg adds.

    Lyxor’s ETF, which had been trading in Paris and London so far, is an alternative to the other main ETF from UniCredit, the UC MSCI European Green Bond EUR UCITS ETF (ECBI GY), placed on Xetra last month. The 227 different investment grade green bonds issued by sovereigns, supranationals, development banks and corporates covered by this ETF offer exposure to both EUR and in USD. The Lyxor ETF only uses securities approved by the Climate Bonds Initiative, an independent not for profit organization with the objective to mobilise the bond market for climate changes solutions. The UniCredit ETF on the other hand, selects the securities based on four criteria in accordance with MSCI’s Green Bond Principles. The 0.25% total expense ratio (TER) of Lyxor’s Green Bond ETF also compares favourably against the 0.35% of UniCredit’s fund.

    Picture from Pixabay

    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.
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