Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Dual Impact Channel
  2. IndexIQ Launches ESG Core Plus Bond ETF, ‘ESGB’
Dual Impact Channel
Share

IndexIQ Launches ESG Core Plus Bond ETF, 'ESGB'

Aaron NeuwirthJun 29, 2021
2021-06-29

On Tuesday, IndexIQ announced the launch of its newest ETF – the IQ MacKay ESG Core Plus Bond ETF (ESGB). The Fund focuses on investment in securities within the core bond universe that satisfy environmental, social, and governance (ESG) criteria developed by MacKay Shields (MacKay), a fellow New York Life Investments boutique and a global asset manager focused on fixed income and equity investing.

ESGB is an actively managed strategy that seeks total return across a broad portfolio of fixed income securities while incorporating MacKay’s ESG analysis framework. The portfolio prioritizes issuers that demonstrate strong performance relative to peers across certain ESG metrics through selection and portfolio construction.

MacKay’s Senior Portfolio Managers in Global Fixed Income Stephen Cianci, Neil Moriarty, Alexandra Wilson-Elizondo, and Joseph Cantwell, serve as Co-Portfolio Managers of ESGB. The Global Fixed Income team collectively has more than $40 billion in assets under management as of May 31, 2021, and a long-standing track record managing fixed income strategies across the globe. With proprietary research at the core of MacKay’s approach to active management, the team utilizes an investment process that combines fundamental bottom-up research and top-down macroeconomic analysis with robust ESG elements.

Janelle Woodward, President of MacKay Shields, commented: “As adoption and demand for ESG investment strategies grow in the fixed income marketplace, we saw a valuable opportunity to reflect our best thinking around ESG inclusion with ESGB, aligning the breadth of our internal research with our total return investment approach. Through the alignment of ESG values with our stakeholders, in our view, ESGB can serve as a preferred solution for potential income generation and capital appreciation for both retail and institutional investors.”

Sal Bruno, CIO of IndexIQ, added: “With the launch of ESGB, we’re excited to expand our existing ESG ETF lineup by building upon our partnership with MacKay Shields. We believe investors will recognize the potential benefits of working with a proven portfolio management team and investing in a fund that seeks to provide them broad fixed income exposure in the core bond category with an ESG lens that many investors value in their portfolios.”

ESGB’s Investment Focus

ESGB invests at least 80% of its assets in debt or debt-related securities, including government bonds, corporate bonds, mortgage, and other asset-backed securities, and could include fixed or floating rates of interest. The Fund will generally seek to maintain a portfolio modified duration within 2.5 years (plus or minus) of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index. Additionally, ESGB will invest at least 80% of its assets in securities that meet MacKay’s proprietary ESG methodology standards.

The Fund joins IndexIQ’s solutions-driven ETF family and comes as an expansion of its actively managed fixed income lineup with MacKay, which includes the IQ MacKay Muni Insured ETF (MMIN) and the IQ MacKay Municipal Intermediate ETF (MMIT). ESGB also illustrates IndexIQ’s expansion of thoughtful ESG-focused offerings, including the IQ Healthy Hearts ETF (HART), the IQ Candriam ESG US Equity ETF (IQSU), and the IQ Candriam ESG International Equity ETF (IQSI).

For additional information on IndexIQ, visit newyorklifeinvestments.com/etf

For more news, information, and strategy, visit the Dual Impact Channel.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X